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The Loyd Company had 150 units of product Omega on hand at December 1. Year 1 costing $400 each. Purchases of product Omega during December

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The Loyd Company had 150 units of product Omega on hand at December 1. Year 1 costing $400 each. Purchases of product Omega during December were as follows: Sates during December were 500 units on December 30. Assume a perpetual inventory system is used. The cost of inventory at December 31. Year 1 under the UFO method would be: $100,000 $104,000 $75,000 $125,000

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