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Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Per unit price Total
Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Per unit price Total Balance, 1/1/18 160 $4.00 $640 Purchase, 1/15/18 90 4.10 369 Purchase, 1/28/18 90 4.40 396 An end of the month (1/31/18) inventory showed that 140 units were on hand. If the company uses LIFO, what is the value of the ending inventory? $601 $574 $565 $560
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