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Kingbird Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a
Kingbird Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a cost of $25 per unit. None of this inventory was sold in 2019 . Relevant information is as follows. During the year 2020, the following purchases and sales were made. The company uses the periodic inventory method. Determine ending inventory using dollar-value LIFO. Assume that the December 2,2020 , purchase cost is the current cost of inventory. (Hint: The beginning inventory is the base layer priced at $25 per unit.) (Round answer to 0 decimal places, e.g. 2,760.) Ending inventory at dollar-value LIFO Kingbird Corporation began operations on December 1, 2019. The only inventory transaction in 2019 was the purchase of inventory on December 10, 2019, at a cost of $25 per unit. None of this inventory was sold in 2019 . Relevant information is as follows. During the year 2020, the following purchases and sales were made. The company uses the periodic inventory method. Determine ending inventory using dollar-value LIFO. Assume that the December 2,2020 , purchase cost is the current cost of inventory. (Hint: The beginning inventory is the base layer priced at $25 per unit.) (Round answer to 0 decimal places, e.g. 2,760.) Ending inventory at dollar-value LIFO
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