Question: Determine the ending inventory for the following data using a perpetual inventory system and the Last In, First Out (LIFO) method. Date Item Units Cost

Determine the ending inventory for the following data using a perpetual inventory system and the Last In, First Out (LIFO) method.

Date Item Units Cost Total
Beg Inventory 5 $5 $25
September 4 Purchase 8 $6 $48
September 8 Sale 6
September 20 Purchase 15 $7 $150
September 25 Sale 12

a. $73.

b. $105.

c. $70.

d. $58.

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