Question: Use this information to answer the following question. Jan. 1 Inventory 15 units @ $4.00 8 Purchase 60 units @ $4.40 17 Purchase 30 units

Use this information to answer the following question. Jan. 1 Inventory 15 units @ $4.00 8 Purchase 60 units @ $4.40 17 Purchase 30 units @ $4.20 25 Purchase 45 units @ $4.80 Total sales 100 units A periodic inventory system is used. Ending inventory under LIFO is a. $429. b. $214. c. $452. d. $237.

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