Question: How do I achieve the correct answer? The following information relates to the inventory of ABC Inc. who uses a perpetual inventory system: Date Transaction

How do I achieve the correct answer?

The following information relates to the inventory of ABC Inc. who uses a perpetual inventory system:

Date Transaction # Units Unit cost/sales price
December 4 Opening inventory 300 $15
December 10 Purchase inventory 150 $18
December 15 Sell inventory 300 $27
December 20 Purchase inventory 150 $20
December 29 Sell inventory 100 $30

What is the value of inventory on hand after the December 29 sale if LIFO is used?

$4,000$1,950$2,600$6,000$3,000

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