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A company has the following: December 1 Beginning inventory of 15 units at $6.00 per unit December 7 Purchased 60 units at $6.25 per
A company has the following: December 1 Beginning inventory of 15 units at $6.00 per unit December 7 Purchased 60 units at $6.25 per unit December 12 Sold 25 units December 20 Purchased 30 units at $7.75 per unit December 29 Sold 10 units Assuming that a perpetual inventory system is used, what is the ending inventory on a LIFO basis for December? What if a periodic inventory system had been used instead of perpetual? $463.75 using perpetual, and $291 using periodic $463.75 using perpetual, and $433.75 using periodic $291 using perpetual, and $463.75 using periodic O $433.75 using perpetual, and $423 using periodic $409.5 using perpetual, and $423 using periodic
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