At the start of the 4th quarter, Sparky had 450 units of Product X on hand at a cost of $9.00 per unit. During the 4th quarter, Sparky had the following transactions related to inventory. October 2 Purchase 300 units at $9.50 per unit October 30 Sold 400 units November 20 Purchase 600 units at $10.00 per unit December 2 Sold 550 units Determine the cost of ending inventory at Dec 31st using LIFO perpetual:
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At the start of the 4th quarter, Sparky had 450 units of Product X on hand at a cost of $9.00 per un...
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