LuCo begins operations m 20oy ond uses periodic methal and L

LuCo begins operations m 20oy ond uses periodic methal and LTFO Tls merchanlise pur chases are 2004 2005 2006 Jaly 500x$.5 g00×12 600 x$14 September 00 $7 100rj9 700xs a November --400xfg_ 700t10 100x 3 /6 Ldo\'s Dec.31,20oy ening invembry is 300units ec 3, 200% ening inventry is o unrs ec 31,% angtunts (louer thon 20os Eegnnng mentey Whot is Lulo\'s Dec 3, 2005 ening mentty

Solution

Ans: Luco\'s Dec 31,2006 ending inventory is = Ending Inventiry of 2005 less 600

                                                                  = (800-600) units

                                                                  = 200 Units