Given the following: LIFO method 250 units left in inventory
Total
Beginning inventory: 200 units at $6 each $1,200
Purchases
April 10 400 units at $7 each $2,800
May 15 250 units at $7 each $1,750
July 9 200 units at $8 each $1,600
October 8 100 units at $11 each $1,100
The cost of ending inventory is:
None of these
$1,200
$2,300
$3,200
$1,550
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