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A company had the following purchases and sales during its first year of operations: Purchases Sales January: 23 units at $185 14 units February: 33

image text in transcribedA company had the following purchases and sales during its first year of operations:

Purchases Sales
January: 23 units at $185 14 units
February: 33 units at $190 13 units
May: 28 units at $195 17 units
September: 25 units at $200 16 units
November: 23 units at $205 30 units

On December 31, there were 42 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

Multiple Choices

  • $10,516

  • $8,010

  • $10,043

  • $9,991

  • $15,620

A company had the following purchases and sales during its first year of operations: Sales Purchases January 23 units at $185 14 units February: 33 units at $190 13 units 28 units at $195 September: 25 units at $200 16 units November 23 units at $205 30 units May: 17 units On December 31, there were 42 units remaining in ending inventory, using the Perpetual LIFO inventory valuation method. what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.) Multiple Choice $10,516.

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