What is the cost of the ending inventory at December 31 , 2014 under dollar-value LIFO ?
24 ) Goods in transit which are shipped f . o . b . destination should be
24 ) Milford Company had 400 units of ― Tank ‖ in its inventory at a cost of $ 6 each . It purchased 600 more units of ― Tank ‖ at a cost of $ 9 each . Milford then sold 700 units at a selling price of $ 15 each . The LIFO liquidation overstated normal gross profit by