Warnerwoods Company uses a periodic inventory system. It entered into the following purchases and sales transactions for March.

Calculate the cost of the 300 units in ENDING INVENTORY using the LIFO Periodic Costing Method.

ENTER YOUR ANSWER AS A 'NUMBER'. DO NOT USE DOLLAR SIGN OR COMMA

(For example: Enter 10000; do Not enter $10,000)

Date

Activities

Units Acquired at Cost

Units Sold at Retail

Mar.

1

Beginning inventory

120

units

@ $55 per unit

Mar.

5

Purchase

420

units

@ $60 per unit

Mar.

9

Sales

440

units

@ $90 per unit

Mar.

18

Purchase

160

units

@ $65 per unit

Mar.

25

Purchase

240

units

@ $67 per unit

Mar.

29

Sales

200

units

@ $100 per unit

Totals

940

units

640

units