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Vaughn Manufacturing has the following inventory data: Nov. 1 Inventory 31 units @ $6.10 each...

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Question

Accounting

Vaughn Manufacturing has the following inventory data:

Nov. 1 Inventory 31 units @ $6.10 each

8 Purchase 122 units @ $6.60 each

17 Purchase 61 units @ $6.45 each

25 Purchase 92 units @ $6.70 each

A physical count of merchandise inventory on November 30 reveals that there are 102 units on hand. Ending inventory (rounded) under LIFO is

 $681.

$658.

$1323.

$1346.

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