What is lucos december ending inventory

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Problem

LuCo begins operations in 20X4 and uses the periodic method and LIFO costing. Its merchandise purchases are as follows; 20X4 20X5 20X6 March 300 @ $4 600 @ $8 900 @ $11 July 500 @ $5 900 @ $12 600 @ $14 September 200 @ $7 100 @ $9 700 @ $13 November 400 @ $6 700 @ $10 100 @ $16 Assume, instead, that LuCo's December 31, 20X4 ending inventory is 300 units; its December 31, 20X5 ending inventory is 800 units; and its December 31, 20X6 ending inventory is 600 units. Get the instant assignment help. What is LuCo's december 31 20x6 ending inventory?

Reference no: EM133901016

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