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FFS Clothing Store sells socks. During January 2017, its inventory records for one particular brand of socks were as follows: Quantity Price per pair Beginning
FFS Clothing Store sells socks. During January 2017, its inventory records for one particular brand of socks were as follows: Quantity Price per pair Beginning Inventory 16 pairs $18 = $288 January 6 Purchase 13 pairs $16 = $208 January 10 Sale 15 pairs N/A January 15 Purchase 18 pairs $15 = $270 January 20 Sale 22 pairs N/A January 25 Purchase 14 pairs $22 = $308 See information for FFS Clothing Store above. Using this information, perpetual LIFO remaining inventory is Select one: a. $488 b. $586 c. None of these d. $371
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