Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Transcribed Image Text:Westcoast Purveyors had 347 computer system in stock at the end of the year. Inventory records show the following information:
Date
January 1
June 21
August 1
October 23
November 16
Beginning Inventory
Purchase
Purchase
Purchase
Purchase
Total available for sale
Qty Cost
50 $1,458
50
300
200
100
700
1,122
954
1,146
1,434
Total Cost
$72,900
56,100
286,200
229,200
143,400
$787,800
Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory.
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