Problem
Marc's Medical Supply Company had beginning inventory as of January 1st:
200 units @ $1 $200
Purchased
We have... Which equals
100 units @ $2 $200 on February 3rd
300 units @ $3 $900 on March 15th
At the end of the period March 31st, he did an inventory and there were 200 units left.
What is the value of the inventory under LIFO?