question esquire corp uses the periodic inventory system during itsfirst year of ope 4285321
Question
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Esquire Corp. uses the periodic inventory system. During itsfirst year of operations, Esquire made the following purchases(list in chronological order of acquisition): |
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20 units at$50 |
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35 units at$40 |
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85 units at$30 |
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Sales for the year totaled 135units, leaving 5 units on hand at the end of the year. |
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Ending inventory using the LIFOmethod is |
$150
$177
$250
$1,540