Eastview Company Uses a Periodic LIFO Inventory System, and Has

question 50

Multiple Choice

Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales: $$\begin{array} { | l | l | } \hline \text { January 1 } & 150 \text { units were purchased at } \$ 9 \text { per unit. } \\\hline \text { January } 17 & 120 \text { units were sold. } \\\hline \text { January 20 } & 160 \text { units were purchased at } \$ 11 \text { per unit. } \\\hline \text { January 29 } & 150 \text { units were sold. } \\\hline\end{array}$$ What is the value of ending inventory?

• A)$2,670.
• B)$2,750.
• C)$360.
• D)$440.
• E)$2,730.

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