Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of...
Texas Petrochemical reported the following April activity for its VC-30 lubricant, which had a balance of 310 gts. @ $2.60 per quart on April 1. Purchases: Apr. 10 Apr. 14 Apr. 20 510 qts @ $2.70 410 qts @ $2.80 410 qts @ $2.85 Sales: Apr. 3 Apr. 12 Apr. 26 220 qts 510 gts 319 gts The ending inventory assuming LIFO and a periodic inventory system is (Round your final answer to two decimal places.) Multiple Choice O 51699.00 51629 00