#18

Use the following information to answer the question below:

1/1/19 - Beginning Inventory - 100 units @ 10 each = 1,000

2/1/19 -Purchase - 500 units @25 each = 12,500

3/15/19 - Purchase - 120 units @ 30 each = 3,600

3/30/19 - Sale - 150 units sales price 50 each = 7,500

5/1/19 - Purchase - 130 units@32 each = 4,160

6/15/19 - Sale - 350 units sales price 50 each = $17,500

The total cost of beginning inventory is_______________ ($1,000, $100, or $10,000)

The total cost of available for sale inventory is__________________ ($11,000, $21,260, or $14,010)

Using LIFO inventory cost method, the cost of the sale on 3/30/19 is __________________ ($4,350, $7,500, or $150)

The total cost of goods sold using LIFO is: _________________ ($14,010, $11,000, or $7,250)

The total cost of ending inventory using LIFO is:_____________________ ($14,010, $11,000, or. $7,250).