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Deshaun Watson Inc. has the following information related to the purchases and sales of one of their inventory items: Beginning Inventory: 100 units at $10
Deshaun Watson Inc. has the following information related to the purchases and sales of one of their inventory items: Beginning Inventory: 100 units at $10 per unit Purchases: 1/1 - 30 units @ $9 per unit 4/30 - 20 units $ $11 per unit 10/31 - 50 units at $12 per unit Sales: 1/15 - 90 units sold @ $25 per unit 5/5 - 15 units sold @ $25 per unit 11/15 - 40 units sold @ $20 per unit Assuming that Watson uses a periodic LIFO inventory system, the value of the ending inventory
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