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What is the ending inventory

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Reference no: EM132591231

Question - Bonita uses the periodic inventory system. For the current month, the beginning inventory consisted of 7200 units that cost $9.00 each.

During the month, the company made two purchases: 3100 units at $10.00 each and 12100 units at $10.50 each. Bonita also sold 13000 units during the month.

Using the LIFO method, what is the ending inventory?

a. $93,530

b. $84,600

c. $98,700

d. $86,800

Reference no: EM132591231

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