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Beckenworth had the following purchases and sales during the first week of June: Activities Date Units Acquired at Cost June 1 June 2 Beginning inventory.
Beckenworth had the following purchases and sales during the first week of June: Activities Date Units Acquired at Cost June 1 June 2 Beginning inventory. Purchase June 6 Purchase 5 units @ $38 = $190 10 units @ $40 = $400 6 units @ $43 = $258 June 7 Units Sold at Retail Sales 8 units Using the LIFO perpetual inventory method, what was the cost of the ending inventory after the June 7 sale? Multiple Choice $574 $514 $510 $522
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