Units per unit price total balance 1110 200 500 1000

Reference no: EM13486087

Graham Company uses a periodic inventory system. Details for the inventory account for the month of January, 2010 are as follows: Units Per unit price Total Balance, 1/1/10 200 $5.00 $1,000 Purchase, 1/15/10 100 5.30 530 Purchase, 1/28/10 100 5.50 550 An end of the month (1/31/10) inventory showed that 120 units were on hand. If the company uses LIFO, what is the value of the ending inventory?

Reference no: EM13486087

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