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Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 38 58 48 53 197 Cost per unit $ 3 6
Given the following: January 1 inventory April 1 June 1 November 1 Number purchased 38 58 48 53 197 Cost per unit $ 3 6 7 8 Total $ 114 348 336 424 $1,222 a. Calculate the cost of ending inventory using the LIFO (ending inventory shows 59 units). & Answer is complete but not entirely correct. Cost of ending inventory $ 120
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