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RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 560
RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory 560 $ 2,750 6/6 Purchase 840 $ 3,800 9/10 Purchase 1,240 $ 4,600 11/15 Purchase 830 $ 5,000 During the year, RJ sold 3,100 units. What was ending inventory using the LIFO cost flow assumption?
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