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Agora Co. recorded the following inventory information during the month of March: # Units Unit Cost Total Cost # Units, Ending Bal Balance on 3/1
Agora Co. recorded the following inventory information during the month of March: | ||||
# Units | Unit Cost | Total Cost | # Units, Ending Bal | |
Balance on 3/1 | 2,000 | $2 | $2,000 | 2,000 |
Purchased on 3/8 | 1,200 | 5 | $3,600 | 3,200 |
Sold on 3/23 | 1,800 | 1,400 | ||
Purchased on 3/28 | 800 | 5 | $4,000 | 2,200 |
What amount should Rose report as inventory on March 31 using the periodic LIFO method for recording inventory? |
my wrong Answer:
10,400 |
formula/clue given:
2000*{C1} + 200*{C2}
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