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(5 points) Laceleaf uses LIFO and started the month with 57,000 units in inventory that cost $59.90 each. On May 5, they purchased an additional
(5 points) Laceleaf uses LIFO and started the month with 57,000 units in inventory that cost $59.90 each. On May 5, they purchased an additional 114,000 units of inventory for $65.90 and on May 10 they purchased 45,600 units of inventory for $68.30. On May 31, the company had 68,400 units on hand. What should the company report as ending inventory for the month? (A 14) $4,097,160 $4,425,480 $4,671,720 $4,165,560
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