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Sunland uses the periodic inventory system. For the current month, the beginning inventory consisted of 7200 units that cost $14.00 each. During the month, the
Sunland uses the periodic inventory system. For the current month, the beginning inventory consisted of 7200 units that cost $14.00 each. During the month, the company made two purchases: 2900 units at $15.00 each and 11900 units at $15.50 each. Sunland also sold 12900 units during the month. Using the LIFO method, what is the ending inventory?
$135954. $141050. $127400. $129300.
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