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Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost...

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Accounting

Inventory records for Marvin Company revealed the following: Date Transaction Number of Units Unit Cost Mar. 1 Beginning inventory 1,000 $7.20 Mar. 10 Purchase 600 7.25 Mar. 16 Purchase 800 7.30 Mar. 23 Purchase 600 7.35 Marvin sold 2,300 units of inventory during the month. Ending inventory assuming LIFO would be: $5,040. $5,055. $5,075. $5,135.

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