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Inventory records for Capetown, Incorporated revealed the following: Date Transaction Number of Units Unit Cost April 1 Beginning Inventory 460 $ 2.14 April 20 Purchase

Inventory records for Capetown, Incorporated revealed the following:

Date Transaction Number of Units Unit Cost
April 1 Beginning Inventory 460 $ 2.14
April 20 Purchase 440 2.65

Capetown sold 570 units of inventory during the month. Ending inventory assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)

Multiple Choice

  • $984.

  • $875.

  • $1,166.

  • $706.

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