Singleton Company's perpetual inventory records included the following information:

Date Number of Units and Unit Cost Total Cost

January $1$ Beginning inventory $260$ units @ $$10\mathrm{.}00$ $ $2,600$

March $4$ Purchase $210$ units @ $$14\mathrm{.}002,940$

September $28$ Purchase $470$ units @ $$12\mathrm{.}005,640$

Number of units sold during the year: $700$

If Singleton uses the LIFO cost flow method, its ending inventory would be ?

Answer rating: 100% (QA)

Answer To calculate Singleton Companys ending inventory using the LIFO Last In First Out cost flow m... View the full answer