Westcoast Purveyors had 325 computer system in stock at the end of the year. Inventory records...
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Westcoast Purveyors had 325 computer system in stock at the end of the year. Inventory records show the following information: Date Qty Cost Total Cost January 1 Beginning Inventory 550 $1,458 $72,900 June 21 Purchase 50 1,182 59,100 August 1 Purchase 300 894 268,200 October 23 Purchase 200 1,146 229,200 November 16 Purchase 100 1,434 143,400 Total available for sale 700 $772,800 Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory. $ Westcoast Purveyors had 325 computer system in stock at the end of the year. Inventory records show the following information: Date Qty Cost Total Cost January 1 Beginning Inventory 550 $1,458 $72,900 June 21 Purchase 50 1,182 59,100 August 1 Purchase 300 894 268,200 October 23 Purchase 200 1,146 229,200 November 16 Purchase 100 1,434 143,400 Total available for sale 700 $772,800 Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory. $
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