Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales: $$\begin{array} { | l | l | }
\hline \text { January 1 } & 150 \text { units were purchased at \$9 per unit. } \
\hline \text { January 17 } & 120 \text { units were sold } \
\hline \text { January 20 } & 160 \text { units were purchased at \$11 per unit. } \
\hline \text { January 29 } & 150 \text { units were sold } \
\hline
\end{array}$$
-What is the value of ending inventory?
A) $2,670.
B) $2,750.
C) $360.
D) $440.
E) $2,730.

Question

Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales: $$\begin{array} { | l | l | } 
\hline \text { January 1 } & 150 \text { units were purchased at \$9 per unit. } \
\hline \text { January 17 } & 120 \text { units were sold } \
\hline \text { January 20 } & 160 \text { units were purchased at \$11 per unit. } \
\hline \text { January 29 } & 150 \text { units were sold } \
\hline
\end{array}$$ 
-What is the value of ending inventory?
A) $2,670.
B) $2,750.
C) $360.
D) $440.
E) $2,730.

Quizplus · Accepted Answer

The Answer of Eastview Company uses a periodic LIFO inventory system, and has the following purchases and sales: $$\begin{array} { | l | l | } 
\hline \text { January 1 } & 150 \text { units were purchased at \$9 per unit. } \
\hline \text { January 17 } & 120 \text { units were sold } \
\hline \text { January 20 } & 160 \text { units were purchased at \$11 per unit. } \
\hline \text { January 29 } & 150 \text { units were sold } \
\hline
\end{array}$$ 
-What is the value of ending inventory?
A) $2,670.
B) $2,750.
C) $360.
D) $440.
E) $2,730.

Eastview Company Uses a Periodic LIFO Inventory System, and Has