Glasgow Enterprises started the period with 60 units in beginning inventory that cost $1.70 each. During the period, the company purchased inventory items as follows. Glasgow sold 255 units after purchase 3 for $10.00 each.

Purchase	No. of Items			Cost
1		380		$	2.20
2		110		$	2.30
3		50		$	2.70

Glasgow's ending inventory under LIFO would be:

Multiple Choice

• $729.

• $932.

• $794.

• $587.