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Sales during the year were 500 units. Beginning inventory was 250 units at 2 points a cost of $5 per unit. Purchase 1 was 400
Sales during the year were 500 units. Beginning inventory was 250 units at 2 points 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: O $1,250. O $1,850. O $2,300. O $3,200
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