Subject: accounting Westcoast Purveyors had 317 computer system in stock at the end of the year. Inventory records show the following information:DateJanuary 1June 21August 1October 23Beginning InventoryPurchasePurchasePurchaseNovember 16 PurchaseQty50 $1,45850300200100CostTotal available for sale 7001,1828941,1461,434Total Cost$72,90059,100268,200229,200143,400$772,800Using the LIFO method of inventory pricing, calculate the dollar value of the ending inventory.$

Name: Subject: accounting Westcoast Purveyors had 317 computer system in sto
Uploaded: 2024-03-20T06:32:37.000Z
Channel: Bartleby
Description: Subject: accounting Westcoast Purveyors had 317 computer system in stock at the end of the year. Inventory records show the following information:DateJanuary 1June 21August 1October 23Beginning InventoryPurchasePurchasePurchaseNovember 16 PurchaseQty

Under LIFO method cost inventory flow Goods Comes last will be sold first . Hence, oldest inventory…

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Westcoast Purveyors had 317 computer system in stock at the end of the year. Inventory records show the following information: Date January 1 June 21 August 1 October 22 Beginning Inventory Purchase Purchase Durchag Qty Cost 50 $1,458 50 300 200 1,182 894 1 146 Total Cost $72,900 59,100 268,200 330.300