question archive During the year, a man acquired the following shares of Company A common stock: January 18 February 20 April 17 July 23 September 17 October 1 November 30 December 6 10 shares 40 shares 30 shares 50 shares 20 shares 20 shares 30 shares 40 shares Total paid $280 Total paid $600 Total paid $450 Total paid $900 Total paid $350 Total paid $420 Total paid $660 Total paid $900 The man uses the LIFO method for calculating the cost of his shares
During the year, a man acquired the following shares of Company A common stock: January 18 February 20 April 17 July 23 September 17 October 1 November 30 December 6 10 shares 40 shares 30 shares 50 shares 20 shares 20 shares 30 shares 40 shares Total paid $280 Total paid $600 Total paid $450 Total paid $900 Total paid $350 Total paid $420 Total paid $660 Total paid $900 The man uses the LIFO method for calculating the cost of his shares
Subject:AccountingPrice: Bought3
During the year, a man acquired the following shares of Company A common stock: January 18 February 20 April 17 July 23 September 17 October 1 November 30 December 6 10 shares 40 shares 30 shares 50 shares 20 shares 20 shares 30 shares 40 shares Total paid $280 Total paid $600 Total paid $450 Total paid $900 Total paid $350 Total paid $420 Total paid $660 Total paid $900 The man uses the LIFO method for calculating the cost of his shares. The man made the following sales during the year: June 15 Sold 70 shares for $1400 December 20 Sold 60 shares for $1800 Please calculate the ending value of inventory for the stock purchases.
