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Thelen's inventory records show the following data at January 31:

Question : Thelen's inventory records show the following data at January 31: : 6036

Thelen's inventory records show the following data at January 31:

Beginning inventory Jan. 1 90 units @ $9 per unit

Jan. 10 purchase 270 units @ $12 per unit

Jan. 22 purchase 110 units @ $13 per unit

At January 31, 180 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method?

Beginning inventory Jan. 1 90 units @ $9 per unit

Jan. 10 purchase 270 units @ $12 per unit

Jan. 22 purchase 110 units @ $13 per unit

At January 31, 180 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method?

 

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