Question: Determine the ending inventory using the periodic inventory system and the LIFO inventory method, assuming that 18 units were sold at a sales price of

Determine the ending inventory using the periodic inventory system and the LIFO inventory method, assuming that 18 units were sold at a sales price of $14. Date Total Units 6 Cost 55 SO June 1 June 12 June 18 Item Beginning inventory Purchase Purchase Totals a. $146 b. 12 c. $56 d. $30

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