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Sales during the year were 500 units. Beginning inventory was 250 units at a cost of $5 per unit. Purchase 1 was 400 units at
Sales during the year were 500 units. Beginning inventory was 250 units at a cost of $5 per unit. Purchase 1 was 400 units at $6 per unit. Purchase 2 was 200 units at $7 per unit. Ending Inventory under the LIFO cost flow assumption (using a periodic inventory system was: Mumple Choice $3,200 SURSO $2300 $1,250
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