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8. The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is

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8. The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? a. $655 b. $620 c. $690 d. $659 8. The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? a. $655 b. $620 c. $690 d. $659 8. The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? a. $655 b. $620 c. $690 d. $659 8. The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the ending inventory balance at the end of the year according to the LIFO method? a. $655 b. $620 c. $690 d. $659

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