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Calculate the dollar amount of ending inventory

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Question - The following inventory information for JY-3v Company is given for the month of November:

November 1 Beginning inventory 650 units @ $3.00 cost per unit

November 7 Purchased 400 units @ $7.64 cost per unit

November 15 Sold 500 units

November 19 Purchased 200 units @ $4.15 cost per unit

November 28 Sold 600 units

November 30 Purchased 700 units @ $8.00 cost per unit

Calculate the dollar amount of ending inventory shown on JY-3v Company's November 30 balance sheet using the LIFO method.

Reference no: EM132686842

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