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What is cost of ending inventory if uses lifo costing method

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Windrose, Inc. uses a periodic inventory system and its inventory records contain the following information:

                                                           Units                               Total Cost

Beginning inventory:                      600                              $1,560

Purchased on May                          10800                             2,340

Purchased on June                         151,000                             2,520

Purchased on August                        28600                             1,980

                                                     3,000                           $8,400

The company sold 2,000 units during June. There were no additional purchases or sales during the remainder of the year. The company had 1,000 units were in its ending inventory at the end of the year.

Question 1: If Windrose uses the LIFO costing method, what is the cost of its ending inventory?

Reference no: EM132488959

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