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Homework answers / question archive / RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit1/1 Beginning Inventory 530 $2,150 Purchase 880 $4,100 Purchase 1,300 $5,500  Purchase 950 $5,450 During the year, RJ sold 3,340 units

RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit1/1 Beginning Inventory 530 $2,150 Purchase 880 $4,100 Purchase 1,300 $5,500  Purchase 950 $5,450 During the year, RJ sold 3,340 units

Accounting

RJ Corporation has provided the following information about one of its inventory items:

Date Transaction Number of

Units Cost per Unit1/1 Beginning Inventory 530 $2,150

Purchase 880 $4,100

Purchase 1,300 $5,500

 Purchase 950 $5,450

During the year, RJ sold 3,340 units.

What was ending inventory using the LIFO cost flow assumption?

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