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Use this information for questions 1 - 6 Peter Co uses a periodic inventory system and purchases (use 4 decimal points for unit cost) for
Use this information for questions 1 - 6 Peter Co uses a periodic inventory system and purchases (use 4 decimal points for unit cost) for the month of August were: Date Units Unit cost $ Beginning Inventory 1-Aug 2800 2.1677 Purchase 10-Aug 7600 3.9486 Purchase 21-Aug 2100 4.036 Purchase 29-Aug 6600 5.1033 Sales during the year were 12600 units. Peter Co uses the LIFO assumption with the periodic inventory method. The value of the closing inventory at the end of the period is: (In your answer you should include at least 2 decimal places)
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