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The following purchases were made by Tee Off's gift shop for January 20X2 Price p/ Uni Units Date $ 12.00 22 January 12.75 12 January
The following purchases were made by Tee Off's gift shop for January 20X2 Price p/ Uni Units Date $ 12.00 22 January 12.75 12 January 12 13.00 10 January 18 12.50 16 January 26 Assuming the beginning inventory as of January 1 20X3 was 15 units at a price per unit of $ 12.25 and ending inventory was 24 units What would be the cost of the ending inventory using the last-in, first-out method
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