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TB MC Qu. 05-100 A company had the following... A company had the following purchases and sales during its first year of operations: January: February:
TB MC Qu. 05-100 A company had the following... A company had the following purchases and sales during its first year of operations: January: February: May: September: November: Purchases 23 units at $205 33 units at $210 28 units at $215 25 units at $220 23 units at $225 Sales 17 units 17 units 21 units 20 units 25 units On December 31, there were 32 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.) $11,714 O $6,755 $11,237 $13,470. $16.955
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