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Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Per unit price

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Effie Company uses a periodic inventory system. Details for the inventory account for the month of January, 2018 are as follows: Units Per unit price Total 200 $5.00 $1,000 Balance 1/1/18 $5.30 $530 100 Purchase 1/15/18 Purchase 1/28/18 100 $5.50 $550 An end of the month (1/31/18) inventory showed that 160 units were on hand. If the company uses LIFO, what is the value of the ending inventory? $848 $800 $868 $832

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