Given the Following Information, Determine the Cost of Ending Inventory

question 199

Essay

Given the following information, determine the cost of ending inventory at November 30 using the LIFO perpetual inventory method.
November 3: 15 units were purchased at $8 per unit.
November 11: 18 units were purchased at $9.50 per unit.
November 15: 15 units were sold at $45 per unit.
November 18: 30 units were purchased at $10.75 per unit.
November 30: 20 units were sold at $55 per unit.

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Definitions:

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A term referring to an individual whose gender identity differs from the sex they were assigned at birth, and who may seek to transition or live as the gender with which they identify.