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Metlock, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows: Per unit price $5.0
Metlock, Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows: Per unit price $5.0 Balance, 1/1/2017 Purchase, 1/15/2017 Purchase, 1/28/2017 Units 270 140 140 Total $1350 672 700 5 An end of the month (1/31/2017) inventory showed that 220 units were on hand. If the company uses LIFO, what is the value of the ending inventory? $1085 $1100 $1622 $1084
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