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Castle TV, Incorporated purchased 2,500 monitors on January 5 at a per-unit cost of $203, and another 2,500 units on January 31 at a per-unit cost of $290. In the period from February 1 through year-end, the company sold 4,400 units of this product. At year-end, 600 units remained in inventory. Assume that Castle TV, Incorporated uses the LIFO flow assumption. The cost of the 600 units in the year-end inventory is:

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The cost of the 600 units in the year-end inventory is: $121,800.

Using this formula

Cost of inventory=Ending units× Unit cost

Where:

Ending unit=600 units

Unit cost=$203

Let plug in the formula

Cost of inventory= 600×$203

Cost of inventory= $121,800

Inconclusion the cost of the 600 units in the year-end inventory is: $121,800.

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