Using the LIFO inventory valuation method

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Reference no: EM13824187

A company had the following purchases during the current year:

January: 10 units at $120

February: 20 units at $125

May: 15 units at $130

September: 12 units at $135

November: 10 units at $140

On December 31, there were 26 units remaining in ending inventory. Using the LIFO inventory valuation method, what is the cost of the ending inventory?

$3,280.

$3,200.

$3,445.

$3,640.

Reference no: EM13824187

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