Question: Question 24 Table 4 Use this inventory information for the month of January to answer the following question.. Date Transaction Units Cost Total Cost

Question 24 Table 4 Use this inventory information for the month of January to answer the following question.. Date Transaction Units Cost Total Cost per Unit Jan. 1 Inventory 20 $360 $7,200 14 Purchase 260 $342 88,920 25 Purchase 40 $357 14.280 Total 320 $110,400 January Sales 263 Assuming that a periodic inventory system is used, what is ending inventory for the month of January on a LIFO basis? O $19,854 $20,094 O $90,546 O $92,839

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