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Marigold Corp. has the following inventory data: Nov. 1 Inventory 23 units @ $4.70 each 8 Purchase 94 units @ $5.05 each 17 Purchase 47 units @ $4.90 each 25 Purchase 70 units @ $5.10 each A physical count
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Marigold Corp. has the following inventory data:

Nov. 1 Inventory 23 units @ $4.70 each
8 Purchase 94 units @ $5.05 each
17 Purchase 47 units @ $4.90 each
25 Purchase 70 units @ $5.10 each

A physical count of merchandise inventory on November 30 reveals that there are 78 units on hand. Ending inventory (rounded) under LIFO is

User Mike Loux
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Answer:

Ending inventory (rounded) under LIFO is 386

Step-by-step explanation:

Month Units Unit Cost Cost Inven. Inven. Cost

nov-01 23 4,7 108,1 23 108

nov-08 94 5,05 474,7 55 278

nov-17 47 4,9 230,3 0 0

nov-25 70 5,1 357 0 0

78 386

User Ananda G
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