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Cranehas the following inventory data: Nov. 1Inventory36units @ $6each 8Purchases120units @ $6each 17Purchases60units @ $6each 25Purchases96units @ $7each A physical count of merchandise inventory on
Cranehas the following inventory data:
Nov. 1Inventory36units @ $6each
8Purchases120units @ $6each
17Purchases60units @ $6each
25Purchases96units @ $7each
A physical count of merchandise inventory on November 30 reveals that there are104units on hand. Ending inventory under LIFO is
1-$720.
2-$1344.
3-$624.
4-$1248.
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