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Ending Inventory using LIFO Assignment

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February 18th, 2020

Question 3: (0.5 points) Listed below are unit and unit cost information for Triston Company. Triston uses the periodic inventory system for inventory valuation. January 1 March 10 August 30 December 12 Purchase Beginning inventory 90 units at $54 every 112 units at $5 every 100 units at $58 every 98 units at $60 each Purchase Purchase During the year, the Company sold 296 units; there are 104 units on hand at the end of the year. Required: Calculate the cost of the ending inventory using LIFO. Omit $ signs.

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