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Calculate the cost of ending inventory on december

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Reference no: EM132492650

A company purchased 400 units for $40 each on January 31. It purchased 100 units for $20 each on February 28. It sold a total of 170 units for $90 each from March 1 through December 31.

Question 1: If the company uses the lastminus ?in, firstminus out inventory costing? method, calculate the cost of ending inventory on December 31.? (Assume that the company uses a perpetual inventory?system.)

Reference no: EM132492650

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