Effie Cоmpаny uses а periоdic inventоry system. Detаils for the inventory account for the month of January, 2015 are as follows: Units Per unit price Total Balance, 1/1/15 200 $5.00 $1,000 Purchase, 1/15/15 100 5.30 530 Purchase, 1/28/15 100 5.50 550 An end of the month (1/31/15) inventory showed that 160 units were on hand. If the company uses LIFO, what is the value of the ending inventory?
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