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Venus Wholesale Company started carrying a new product in December. Purchases and sales of this product during the month were: December 20 Purchased 170 units

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Venus Wholesale Company started carrying a new product in December. Purchases and sales of this product during the month were: December 20 Purchased 170 units at $87 per unit. December 26 Sold 155 units. December 28 Purchased 170 units at $96 per unit. Assuming the last-in, first-out (LIFO) flow assumption is in use, the perpetual inventory records will indicate an ending inventory of this product of Multiple Choice $17.625 $14,790 $17,825 $16.230

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