Glasgow Enterprises started the period with 80 units in begi…
Glasgow Enterprises started the period with 80 units in beginning inventory that cost $1.90 each. During the period, the company purchased inventory items as follows: PurchaseNumber of ItemsCost1400$2.402100$2.50360$2.90 Glasgow sold 265 units after purchase 3 for $7.80 each.What is Glasgow’s ending inventory under LIFO?