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Sunland Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given
Sunland Corporation sells item A as part of its product line. Information as to balances on hand, purchases, and sales of item A are given in the following table for the first six months of 2020. Quantities Unit Price of Purchase $4.70 $4.80 Date January 11 January 24 February 8 March 16 June 11 Purchased Sold Balance 460 1,340 - 1,800 - 360 1,440 - 585 855 600 - 1,455 $5.20 (a) Compute the ending inventory at June 30 under the perpetual LIFO inventory pricing method. Ending inventory $
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