A company reports the following beginning inventory and purchases for
the month of January. On January 26, the company sells 360 units.
Units Unit Cost
Beginning inventory on January 1 320 $6.00
Purchase on January 9 85 6.40
Purchase on January 25 110 6.60
Required:
What is the cost of the 155 units that remain in ending inventory at
January 31, assuming the costs assigned to ending inventory based on a
perpetual inventory system and use of LIFO.
Click here: A company reports the following beginning inventory and purchases for the month of January
