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The Alpha Corporation made the following purchases.

The Alpha Corporation made the following purchases of Product Y during the current year:

January 3 200 units at $6.50
March 7 175 units at $8.00
August 18 225 units at $12.00
November 23 150 units at $14.00

There was no beginning inventory, but ending inventory consisted of 225 units. If Alpha uses the LIFO inventory method, what would be the cost of the ending inventory?
1) $1,500
2) $2,250
3) $3,000
4) $4,500

May 22 2018 View more View Less

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