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Splish Brothers Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows: Units Per unit
Splish Brothers Inc. uses a periodic inventory system. Details for the inventory account for the month of January 2022 are as follows:
Units | Per unit price | Total | ||||
---|---|---|---|---|---|---|
Balance, 1/1/2022 | 360 | $6.00 | $2160 | |||
Purchase, 1/15/2022 | 180 | ..6.40 | 1152 | |||
Purchase, 1/28/2022 | 180 | ..6.60 | 1188 |
An end of the month (1/31/2022) inventory showed that 290 units were on hand. If the company uses LIFO, what is the value of the ending inventory?
$1836
$1740
$1892
$2760
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