Question: Question 2 McGuire Metals Ltd uses the periodic inventory method and had the following inventory information available: Units Unit Cost Unit Price 1st January Beginning

Question 2 McGuire Metals Ltd uses the periodic inventory method and had the following inventory information available: Units Unit Cost Unit Price 1st January Beginning inventory 38 $3 20th February Sale 15 $5 25th July Purchase 20 $4 20th October Purchase 10 $5.5 20th December Sale 30 $8 Required What would the Inventory amount be as reported on the balance sheet at 31 December 2019 if the perpetual LIFO method is used

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