Problem
Assume, instead, that LuCo's December 31, 20X4 ending inventory is 300 units; its December 31, 20X5 ending inventory is 800 units; and its December 31, 20X6 ending inventory is 600 units (which is lower than its 20X6 beginning inventory). What is LuCo's December 31, 20X6 ending inventory?
i. $6,600
ii. $4,800
iii. $4,400
iv. $3,600.