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Beckenworth had the following purchases and sales during the first week of June: Activities Date Units Acquired at Cost Units Sold at Retail June 1
Beckenworth had the following purchases and sales during the first week of June: Activities Date Units Acquired at Cost Units Sold at Retail June 1 Beginning inventory 5 units $34 = $170 June 2 Purchase 10 units $36 = $360 June 6 June 7 Purchase Sales 6 units @ $39 = $234 8 units Using the LIFO perpetual inventory method, what was the cost of the ending inventory, after the June 7 sale? Multiple Choice $458 $478 $470
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