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5) Dino Corp. uses the periodic inventory system. During its first year of operations, Dino made the following purchases (listed in chronological order of acquisition):
5) Dino Corp. uses the periodic inventory system. During its first year of operations, Dino made the following purchases (listed in chronological order of acquisition): 40 units at $100 per unit 70 units at $80 per unit 170 units at $60 per unit Sales for the year totaled 270 units, leaving 10 units on hand at the end of the year. Ending inventory using the LIFO method is
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