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Using data below, what would inventory under LIFO (last in first out) be? The beginning inventory of merchandise at Dunne Co. and data on purchases

Using data below, what would inventory under LIFO (last in first out) be? image text in transcribed
The beginning inventory of merchandise at Dunne Co. and data on purchases and sales for a three-month period ending June 30, 2014, are as follows: 8 Number of Units 25 75 40 30 Total Date Transaction Apr. 3 Inventory Unit $1,200 30,000 93,000 80,000 60,000 75,600 2,000 100,000 40,000 260 100,800 90,000 56,250 44,240 99,000 8 Purchase 11 Sale 30 Sale 1,240 2,000 1,260 May 8 Purchase 10 Sale 19 Sale 28 Purchase 2,000 June 5 Sale 16 Sale 21 Purchase 28 Sale 40 25 35 2,250 2,250 1,264 2,250

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