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Connect e https:/newconnect.mheducation.com/flow/connect.html iz Saved Help Save & Exit Submi MC Qu. 100 A company had the following... A company had the following purchases and sales during its first year of operations: Purchases Sales January: 20 units at $19e 12 units 42) February:30 units at $195 12 units 25 units at $200 16 units May: September: 22 units at $205 15 units November 20 units at $210 24 units On December 31, there were 38 units remaining in ending inventory. Using the Perpetual LIFO inventory valuation method, what is the cost of esthe ending inventory? (Assume all sales were made on the last day of the month.) Multiple Choice

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STATEMENT SHOWING INVENTORY RECORD UNDER PERPETUAL LIFO METHOD RECIEPTS COST OF GOODS SOLD BALANCE DATE UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ UNITS RATE AMOUNT $ Jan 20 190 3800 31-Jan 12 190 2280 8 190 1520 Feb 30 195 5850 8 190 1520 30 195 5850 28-Feb 12 195 2340 8 190 1520 18 195 3510 May 25 200 5000 8 190 1520 18 195 3510 25 200 5000 31-May 16 200 3200 8 190 1520 18 195 3510 9 200 1800 Sep 22 205 4510 8 190 1520 18 195 3510 9 200 1800 22 205 4510 30-Sep 15 205 3075 8 190 1520 18 195 3510 9 200 1800 7 205 1435 Nov 20 210 4200 8 190 1520 18 195 3510 9 200 1800 7 205 1435 20 210 4200 30-Nov 20 210 4200 8 190 1520 4 205 820 18 195 3510 9 200 1800 3 205 615 TOTAL 117 23360 79 15915 38 7445

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