Question
A company had the following purchases during the current year: January: 10 units at $120 February: 20 units at $125 May: 15 units at $130
A company had the following purchases during the current year:
January: 10 units at $120
February: 20 units at $125
May: 15 units at $130
September: 12 units at $135
November: 10 units at $140
On December 31, there were 26 units remaining in ending inventory. Using the LIFO inventory valuation method, what is the cost of the ending inventory?
| $3,280. | ||
| $3,200. | ||
| $3,445. | ||
| $3,640. |
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Access Audit Handbook
Authors: (CAE) Centre For Accessible Environments
2013th Edition
1859464920, 978-1859464922
