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

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

Date June I June 4 June 10 June 11 June 18 June 18 June 25 June 28 Unit Cost or Selling Price 40 43 70 70 46 46 75 50 Description Quantit Beginning inventory Purchase Sale Sale return Purchase Purchase return Sale Purchase 40 135 110 15 10 60 30

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