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What is the value of the ending inventory on january

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Reference no: EM132530779

BetaCo just began business and made the following four inventory purchases in June:

Jan 1 126 units $ 1,040

Jan 10 210 units 1,660

Jan 15 200 units 1,480

Jan 28 110 units 1,120

                          $5,600

Question 1: A physical count of merchandise inventory on January 31 reveals that there are 197 units on hand. Using the LIFO inventory method, what is the value of the ending inventory on January 31?

Reference no: EM132530779

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