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The units of an item available for sale during the year were as follows: Jan 1 Inventory 21 units at 129 April 15 Purchase 141

The units of an item available for sale during the year were as follows:

Jan 1 Inventory 21 units at 129

April 15 Purchase 141 units at 117

September 9 Purchase 28 units at 131

There are 41 units of the item in the physical inventory at December 31. The periodicinventory system is used. Determine the inventory cost using the last-in, first-out(LIFO)

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