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Evans Company Had the Following Balances and Transactions During 2014

question 124

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Evans Company had the following balances and transactions during 2014.  Beginning Merchandise Inventory 10 units at $70 March 10 Sold 8 units  June 10 Purchased 20 units at $80 October 30  Sold 15 units \begin{array} { | l | l | } \hline \text { Beginning Merchandise Inventory } & 10 \text { units at } \$ 70 \\\hline \text { March } 10 & \text { Sold } 8 \text { units } \\\hline \text { June } 10 & \text { Purchased } 20 \text { units at } \$ 80 \\\hline \text { October 30 } & \text { Sold 15 units } \\\hline\end{array} What is the amount of the company's Merchandise Inventory, as disclosed in the December 31, 2014 balance sheet as per the periodic last-in, first-out (LIFO) costing method?

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