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Determine the cost of the units

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Question - Castle TV, Incorporated purchased 1,700 monitors on January 5 at a per-unit cost of $147, and another 1,700 units on January 31 at a per-unit cost of $258. In the period from February 1 through year-end, the company sold 3,200 units of this product. At year-end, 200 units remained in inventory. Assume that Castle TV, Incorporated uses the LIFO flow assumption. Determine the cost of the 200 units in the year-end inventory?

Reference no: EM132860815

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