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What is LuCo December ending inventory

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Question - LuCo begins operations in 20X4 and uses the periodic method and LIFO costing. Its merchandise purchases are as follows:

20X4 20X5 20X6

March 300 @ $4 600 @ $ 8 900 @ $11

July 500 @ $5 900 @ $12 600 @ $14

September 200 @ $7 100 @ $ 9 700 @ $13

November 400 @ $6 700 @ $10 100 @ $16

Assume, instead, that LuCo's December 31, 20X4 ending inventory is 300 units; its December 31, 20X5 ending inventory is 800 units; and its December 31, 20X6 ending inventory is 600 units (which is lower than its 20X6 beginning inventory). What is LuCo's December 31, 20X6 ending inventory?

a. $6,600 b. $4,800 c. $4,400 d. $3,600

Reference no: EM132559275

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