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Use this information to answer the following question. Feb. 1 Inventory 200 units @ $6.00 6 Purchase 300 units @ $6.60 13 Purchase 100 units
Use this information to answer the following question. Feb. 1 Inventory 200 units @ $6.00 6 Purchase 300 units @ $6.60 13 Purchase 100 units @ $7.20 20 Purchase 200 units @ $7.80 25 Purchase 40 units @ $8.40 Total sales 620 units A periodic inventory system is used. Using LIFO, the cost assigned to ending inventory is a. $4,056. b. $1,740. c. $4,464. d. $1,332.
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