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Swifty Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows: Units Per Unit Price

Swifty Company uses a periodic inventory system. Details for the inventory account for the month of January, 2020 are as follows:

Units

Per Unit Price

Total

Balance, 1/1/20

250 $5.00 $1250

Purchase, 1/15/20

90 5.20 468

Purchase, 1/28/20

90 5.70 513

An end of the month (1/31/20) inventory showed that 110 units were on hand. If the company uses LIFO, what is the value of the ending inventory?

$607

$617

$550

$853

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