Question: Please show working Date Activity Units Purchase Price (per unit) Sale Price (per unit) Oct 01 Beg. inventory 800 $30 Oct 05 Sale 1 500

Please show working

Date Activity Units Purchase Price (per unit) Sale Price (per unit)
Oct 01 Beg. inventory 800 $30
Oct 05 Sale 1 500 $60
Oct 15 Purchase 1 1,500 $35
Oct 21 Sale 2 1,000 $65
Oct 23 Purchase 2 700 $40
Oct 29 Sale 3 800 $70

Using the LIFO inventory method calculate the cost of ending inventory after the last sale.

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