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Business, 19.06.2020 19:57 Kareemgreen1237

Bodie Bear, Inc. uses a periodic inventory system. At the end of the January 31, 2017, the accounting records for the most popular item in inventory showed the following: Transactions Units Unit Cost Beginning Inventory, Jan 1 350 $2 Purchases January 10 450 $4 Purchase, January 30 200 $8 Bodie Bear sells the units for $20 each. At the end of the period, Bodie Bear has 120 units remaining in inventory. What is value of the ending inventory if Bodie Bear uses the LIFO method?

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