Inventory Purchase Activity for the month of January:

	Beginning Inventory	50	4	200
9-Jan	Purchase	60	4.2	252
11-Jan	Purchase	80	4.6	368
19-Jan	Purchase	50	4.4	220

Use this information for the next 2 questions.

The firm has one sale during the month: 120 units on January 15. What is the balance of ending inventory under LIFO Periodic inventory system?

590

630

None of the listed options

498

542