Question: Date Quantity Cost Total Per Unit Cost Jan 1. Beginning Inventory 100 $10.00 $1,000.00 Mar 4, Purchase 400 15.00 6,000.00 May 8, Purchase 800 20.00

Date Quantity Cost Total Per Unit Cost Jan 1. Beginning Inventory 100 $10.00 $1,000.00 Mar 4, Purchase 400 15.00 6,000.00 May 8, Purchase 800 20.00 16.000.00 Nov 3, Purchase 500 30.00 15,000.00 Merchandise Available For Sell 1.800 $38,000.00 If 1.300 units are unsold, what is the ending inventory cost by using the LIFO? A) $11,000 B) $7,000 c) $9,500 D) $6.000 E) $10.900

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