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Calculate the ending inventory value at January

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Question - The following information has been extracted from the records of Due North Sales (DNS) Co.:

January 1 Beginning Inventory 550 units @ $26 each

January 9 Bought 1,000 units @ $28 each

January 15 Sold 1,200 units @ $40 each

January 25 Bought 800 units @ $30 each

If Due North Sales (DNS) uses the LIFO cost flow assumption, under a periodic method, calculate the ending inventory value at January 31st?

A. $33,552

B. $31,100

C. $32,750

D. None of the other alternatives are correct

E. $33,800

Reference no: EM132477896

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