Manatee’s LIFO cost of ending inventory would be:
a. $161
b. $90
c. $208
d. $225
|
Units |
Unit Cost |
Total Cost |
Units Sold |
|
|
Beginning inventory |
20 |
$6 |
$120 |
|
|
Purchase on May 23 |
30 |
7 |
210 |
|
|
Purchase on Nov.5 |
15 |
? |
120 |
|
|
Sales |
50 |
8 |
? |