The Units of an Item Available for Sale During the Year

question 49

Essay

The units of an item available for sale during the year were as follows: $\begin{array}{lrll}\text { Jan. } & 1 & \text { Inventory } & 10 \text { units at } \$ 25 \\\text { Apr. } & 4 & \text { Purchase } & 15 \text { units at } \$ 24 \\\text { May. } &20 & \text { Purchase } & 20 \text { units at } \$ 28 \\\text { Oct. } & 30 & \text { Purchase } & 18 \text { units at } \$ 30\end{array}$ There are 19 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the ending inventory cost using LIFO.

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Definitions:

Guilt

A feeling of responsibility or remorse for some offense, crime, wrong, whether real or imagined.

Sibling Abuse

The physical, emotional, or sexual abuse of one sibling by another.

Reported Type

The category or specific kind of something that has been disclosed or documented, often referring to data or incidents.

Upsetting

Causing distress, disappointment, or discomfort; an emotional state or reaction to an unfavorable situation.