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What is the cost of the ending inventory

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Reference no: EM132787092

A company had the following purchases and sales during its first year of operations:

                           Purchases           Sales

January: 22 units at $180            14 units

February: 32 units at $185          12 units

May: 27units at $190.                     16 units

September: 24 units at $195              15 units

November: 22 units at $20             0 28 units

Problem 1: On December 31, there were 42 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

Reference no: EM132787092

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