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Thank you! $12.000 $12,500 Question 23 Beginning inventory and purchases for the month of May are as follows: Table 3 Cost per Unit Total Cost
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$12.000 $12,500 Question 23 Beginning inventory and purchases for the month of May are as follows: Table 3 Cost per Unit Total Cost Units 1-May 15 50 750 12-May 30 58 1740 23-May 15 67 1005 Total 60 3495 On May 31 it was determined that there were 25 units on hand. Referring to Table 3, the cost of ending inventory at May 31, using the periodic LIFO method would be: $2.165 $1.910 $1,585 $1,330 Question 24 Beginning inventory and purchases for the month of May are as follows: Table 3Step by Step Solution
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