Isaiah and Sons uses the LIFO perpetual inventory system and…
Isaiah and Sons uses the LIFO perpetual inventory system and had the following purchases and sales during March. Date Beginning Inventory Purchases Sales Unit Cost Unit Selling Price 3/1 100 Units $40 3/3 60 $50 3/4 70 $80 3/10 200 $55 3/16 80 $90 Using the inventory and sales data above, what is the value assigned to ending inventory at March 31st using LIFO perpetual: