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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 $185 33 units at $190 28 units at $195 25 units at $200 23 units at $205 Sales 14 units 13 units 17 units 16 units 30 units On December 31, there were 42 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.)
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