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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
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