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Lime company purchased 100 units for $30 each on January 31. It purchased 100 units for $20 each on February 28. It sold a
Lime company purchased 100 units for $30 each on January 31. It purchased 100 units for $20 each on February 28. It sold a total of 170 units for $110 each from March 1 through December 31. If the company uses the last-in, first-out inventory costing method, calculate the cost of ending inventory on December 31. (Assume that the company uses a perpetual inventory system.) $900 $2400 O $30 $600
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