Question: Using the data in P6-5A, compute the cost of the ending inventory using the LIFO cost flow assumption. Assume that Senta Ltd. uses the periodic

Using the data in P6-5A, compute the cost of the ending inventory using the LIFO cost flow assumption. Assume that Senta Ltd. uses the periodic inventory system.
In P6-5A,

Unit Cost or Selling Price 24 26 35 27 40 28 40 Date Description October Beinning inventory October 9 Purchase October Sale October 17 Purchase October 22 Sale October 25 Purchase October 29 Sale Units 60 120 100 70 65 80 120

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