Question
Roadside, Inc. had the following balances and transactions during 2018: Beginning Merchandise Inventory 10 units at $73 March 10 Sold 77 units June 10 Purchased
Roadside, Inc. had the following balances and transactions during 2018:
| Beginning Merchandise Inventory | 10 units at $73 |
| March 10 | Sold 77 units |
| June 10 | Purchased 30 units at $83 |
| October 30 | Sold 25 units |
What is the amount of the company's ending Merchandise Inventory, as disclosed in the December 31, 2018 balance sheet, using the periodic LIFO inventory costing method?
A $584
B $415
C $365
D. $664
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Social Responsibility Audit A Management Tool For Survival
Authors: John W Humble
1st Edition
0900853522, 978-0900853524
