Flamengo Corporation has provided the following information about one of its inventory items: Number of Units Date Transaction Cost per Unit $ 3,200 1/1 Beginning Inventory 400 6/6 Purchase 800 $ 3,600 9/10 Purchase 1,300 $ 4,000 11/15 Purchase 800 $ 4,200 During the year, Flamengo sold 3,000 units. What was ending inventory using the LIFO cost flow assumption? 960,000 Flamengo Company recently purchased a truck. The price negotiated with the dealer was $40,000. Flamengo also paid sales tax of $2,000 on the purchase, shipping and preparation costs of $3,000. At what amount should the truck be recorded on the balance sheet prior to recording depreciation expense