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During the year, Hooker Incorporated has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost January 1 Beginning inventory 24 $26
During the year, Hooker Incorporated has the following inventory transactions. Date Transaction Number of Units Unit Cost Total Cost January 1 Beginning inventory 24 $26 $624 March 4 Purchase 29 25 725 June 9 Purchase 34 24 816 November 11 Purchase 34 22 748 121 $2,913 For the entire year, the company sells 90 units of inventory for $34 each. Using LIFO, calculate ending inventory and cost of goods sold
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