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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
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 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
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$10,516
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$8,010
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$10,043
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$9,991
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$15,620
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