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a. $18,200 b. $12,600 c. $11,700 d. $10,100 25. PaCo begins business in 20X3, uses the periodic method and LIFO costing and makes the following
a. $18,200 b. $12,600 c. $11,700 d. $10,100 25. PaCo begins business in 20X3, uses the periodic method and LIFO costing and makes the following merchandise purchases: {:[" January 14 ",1","300@$50(65,000)/(" March 11 ")],[" August 23 ",1","700@$55154","000],[" November 1 ",1","200@$58quad98","600],[,],[1","500]:} If PaCo 's December 31,20X3 inventory contains 1,500 units, its ending inventory is ... a. $89,400 b. $76,000 c. $90,000 d. $75,000
25. PaCo begins business in 20X3, uses the periodic method and LIFO costing and makes the following merchandise purchases: \begin{tabular}{|c|c|} \hline January 14 & 1,300@$5065,000 \\ \hline March 11 & 2,800@$55154,000 \\ \hline August 23 & 1,700@$5898,600 \\ \hline November 1 & 1,200@$6072,0001,500 \\ \hline \end{tabular} If PaCo's December 31, 20X3 inventory contains 1,500 units, its ending inventory is ... a. $89,400 b. $76,000 c. $90,000 d. $75,000Step by Step Solution
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