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Glasgow Enterprises started the period with 80 units in beginning inventory that cost $2.10 each. During the period, the company purchased inventory items as follows.
Glasgow Enterprises started the period with 80 units in beginning inventory that cost $2.10 each. During the period, the company purchased inventory items as follows. Glasgow sold 360 units after purchase 3 for $10.40 each. Purchase Number of Items Cost 1 340 $ 2.60 2 130 $ 2.70 3 60 $ 3.10 If the company uses the LIFO cost flow method, Glasgow's ending inventory would be:
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