Question: Multiple Choice Question 113 Correct answer. Your answer is correct. Coronado uses the periodic inventory system. For the current month, the beginning inventory consisted of

Multiple Choice Question 113 Correct answer. Your answer is correct. Coronado uses the periodic inventory system. For the current month, the beginning inventory consisted of 7400 units that cost $11 each. During the month, the company made two purchases: 2800 units at $12 each and 11800 units at $12.5 each. Coronado also sold 12700 units during the month. Using the LIFO method, what is the ending inventory?

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