Problem
Cruiser Video was involved in the following transactions during August concerning DVD players:August 1Beginning inventory 10 @ $60,August 10Purchased 5 @ $64,August 15Sold 12 for $80 per unit,August 28Purchased 5 @ $66. Calculate the ending inventory of DVDs for Cruiser Video in August assuming the use of the LIFO method under a periodic inventory system.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.