Inventory records for Dunbar Incorporated revealed the following:
|
Date
|
Transaction
|
Number
of Units
|
Unit
Cost
|
|
Apr. 1
|
Beginning inventory
|
450
|
$2.19
|
|
Apr. 20
|
Purchase
|
410
|
2.69
|
Dunbar sold 590 units of inventory during the month. Ending inventory assuming LIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount):
$726.
$591.
$1,103.
$986.