Thelen's inventory records show the following data at January 31: Beginning inventory Jan. 1 110 units at $9 per unit Jan. 10 purchase 300 units at $10 per unit Jan. 22 purchase 100 units at $11 per unit At January 31, 220 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method?

Answer rating: 100% (QA)

Units available for Sale 110 Units 300 units 100 Units Units av... View the full answer