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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 655
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 655 $ 2,400 6/6 Purchase 855 $ 3,975 9/10 Purchase 1,275 $ 5,125 11/15 Purchase 900 $ 5,700 During the year, RJ sold 3,240 units. What was ending inventory using the LIFO cost flow assumption?
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