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a. 105 b. 80 c. 175 d. 120 The following information relates to inventory for Shoeless Joe Inc. Date March 1 Beginning Inventory March 7

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a. 105
b. 80
c. 175
d. 120
The following information relates to inventory for Shoeless Joe Inc. Date March 1 Beginning Inventory March 7 Purchase March 11 Sale March 12 Purchase Quantity Price 20 $2 15 3 25 7 20 4 At what amount would Shoeless report gross profit using LIFO cost flow assumptions on a periodic basis

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