A company had the following purchases and sales during its first year of operations: January:...
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Accounting
A company had the following purchases and sales during its first year of operations: January: February: May: September: November: Purchases 30 units at $220 40 units at $225 35 units at $230 32 units at $235 29 units at $240 Sales 22 units 25 units 29 units 28 units 30 units On December 31there were 32 units remaining in ending inventory. Using the perpetual LIFO inventory costing method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)
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