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At the start of the 4 th quarter, OXO had 450 units of Product X on hand at a cost of $9.00 per unit. During
At the start of the 4th quarter, OXO had 450 units of Product X on hand at a cost of $9.00 per unit. During the 4thquarter, OXO had the following transactions related to inventory.
October 2 Purchase 300 units at $9.50 per unit
October 30 Sold 400 units
November 20 Purchase 600 units at $10.00 per unit
December 2 Sold 550 units
Determine the cost of ending inventory at Dec 31st using LIFO perpetual:
$3,600
$3,650
$9,250
$8,900
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