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Luco begins operations in 20X4 and uses the periodic method & LIFO costing. Its merchandise are as follows: 20X4 20X5 20X6 March July September November

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Luco begins operations in 20X4 and uses the periodic method & LIFO costing. Its merchandise are as follows:

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20X4 20X5 20X6 March July September November 300 500 200 400 $4 $5 $7 $6 600 900 100 700 $12 $10 900 600 700 100 $11 $14 $13 $16

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