128. The following units of a particular item were available for sale during the year: Beginning inventory150 units @ $755 Sale120 units @ $925 First purchase400 units @ $785 Sale200 units @...

128. The following units of a particular item were available for sale during the year:

Beginning inventory150 units @ $755

Sale120 units @ $925

First purchase400 units @ $785

Sale200 units @ $925

Second purchase300 units @ $805

Sale290 units @ $925

The firm uses the perpetual inventory system and there are 240 units of the item on hand at the end of the year. What is the total cost of ending inventory according to LIFO?

129. Beginning inventory, purchases, and sales for Product - Weld TM are as follows: