November 1 Beginning inventory 20 units @ $40 6 Purchases 60 units @ $42...
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Accounting
November 1 Beginning inventory 20 units @ $40
6 Purchases 60 units @ $42
17 Sales 50 units @ $80
23 Purchases 40 units @ $46
30 Sales 28 units @ $85
What is ending inventory on a periodic LIFO basis?
A. $1,724
B. $1,772
C. $1,884
D. $3,236
E. $3,436
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