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Westcoast Purveyors had 333 computer system in stock at the end of the year. Inventory records show the following information: Date Qty Cost Total Cost
Westcoast Purveyors had 333 computer system in stock at the end of the year. Inventory records show the following information:
Date | Qty | Cost | Total Cost | |
---|---|---|---|---|
January 1 | Beginning Inventory | 50 | $1,458 | $72,900 |
June 21 | Purchase | 50 | 1,122 | 56,100 |
August 1 | Purchase | 300 | 954 | 286,200 |
October 23 | Purchase | 200 | 1,206 | 241,200 |
November 16 | Purchase | 100 | 1,434 | 143,400 |
Total available for sale | 700 | $799,800 |
Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory.
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