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25) Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning Inventory 500 $ 2.40 Apr. 20Purchase
25) Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning Inventory 500 $ 2.40 Apr. 20Purchase 400 2.50 Dunbar sold 700 units of inventory during the month. Ending inventory assuming LIFO would be: A) $500. B) $490. C) $470. D) $480.
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