Teaching assistants (TAs) are also available to help students with graded and ungraded quiz questions. DI Question 21 0.4 pts A company uses LIFO. At the beginning of the current year its inventory was $300,000, and at the end of the current year its inventory is $340,000. At the start of the year its LIFO reserve was $10,000 and at the end of the year its LIFO reserve is $15,000. The company operates in an inflationary environment. If the company used FIFO instead of LIFO, its ending inventory would be $315,000. $355,000. $285,000. $325,000. $340,000 Next Previous