Bluejay Inc.s inventory records show the following data for purchases and sales of units.

Date		Units	Unit Cost
November 1	Inventory	3,300	$20.50
November 3	Purchases	30,000	20.80
November 5	Sales	15,000
November 11	Purchases	24,000	21.00
November 18	Sales	25,500
November 28	Purchases	9,000	21.50

Required Assuming that Bluejay maintains a periodic inventory system with a monthly physical count, compute ending inventory on November 30 under (2) LIFO inventory methods.

	Numerator		Denominator		Result
Average Cost	$1,389,150		$66,300	=	$20.95

(2) LIFO (periodic inventory system).

Ending Inventory	Answer