Susan Company uses the periodic inventory system to account for inventories. Information related to Susan...
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Accounting
Susan Company uses the periodic inventory system to account for inventories. Information related to Susan Company's inventory at October 31 is given below: October 1 Beginning inventory 410 units x $9.90 = $4,059 8 Purchase 800 units x $10.50 - 8,400 16 Purchase 590 units x $10.70 - 6,313 24 Purchase 195 units x $12.00 - 2.340 Total units and cost 1,995 units $21,112 Value the ending inventory using the LIFO cost assumption if 500 units remain on hand at October 31. Ending Inventory $
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