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Castle TV, Incorporated purchased 1800 monitors on January 5 at a per-unit cost of $154, and another 1,800 units on January 31 at a per-unit
Castle TV, Incorporated purchased 1800 monitors on January 5 at a per-unit cost of $154, and another 1,800 units on January 31 at a per-unit cost of $262. In the period from February 1 through year-end, the company sold 3.350 units of this product. At year-end, 250 units remained in inventory Assume that Castle TV, Incorporated uses the last-in first-out (LIFO) flow assumption. The cost of the 250 units in the year-end inventory is Multiple Choice $104.000 0 $38.500 $52,000 0 $65,500
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