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Calculate the ending inventory amount that would be reported

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Problem 1: In September (month 9), 625 units were sold. Using the following information, calculate the ending inventory amount that would be reported at the end of September if the LIFO inventory valuation methods are used.

                                   Units         Dollars/Unit

Beginning Inventory 9/1   170              $ 5.55

Purchases #1 - 9/3          150                $ 5.59

Purchases #2 - 9/8           240                $ 6.22

Purchases #3 - 9/15          220               $ 6.49

Purchases #4 - 9/23           220               $ 6.78

Purchases #5 - 9/29           150               $ 6.85

Reference no: EM132904603

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