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Crane Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Total Per unit
Crane Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Total Per unit price $4.00 150 $600 70 4.10 287 Balance, 1/1/18 Purchase 1/15/18 Purchase, 1/28/18 70 4.30 301 An end of the month (1/31/18) inventory showed that 130 units were on hand. If the company uses LIFO, what is the value of the ending inventory? O $520 O $533 O $547 O $511
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