Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales: 4. 150 units were purchased at $9 per unit. 120 units were sold January 1 January 17 January 20 January 29 What is the value of ending inventory? A) $2,730. B) $2,750. C) $2,670. D) $440. E) $360. purchased at $11 per unit. 160 units were 150 units were sold. The conservatism constraint prescribes that: A) When multiple estimates of amounts to be received or paid in the future are equally likely, th least optimistic amount should be used. B)A company use the same accounting methods period after period. C) Revenues and expenses are reported in the period in which they are earned or incurred D) All items of a material nature are included in financial statements. E) All inventory items are reported at full cost