Question
Use the following data of Makrel Sales, Inc.: Unit Total Units Units Cost Cost Sold Beginning inventory 18 $6 $108 Purchase on Apr 25 35
Use the following data of Makrel Sales, Inc.:
|
|
| Unit | Total | Units |
|
| Units | Cost | Cost | Sold |
| Beginning inventory | 18 | $6 | $108 | |
| Purchase on Apr 25 | 35 | 7 | 245 | |
| Purchase on Nov 16 | 13 | 10 | 130 | |
| Sales | 45 | ? | ? |
|
MakrelMakrel
Sales' LIFO cost of ending inventory would be
A.$186.
B.$129.
C.$154.
D.$450.
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International Financial Accounting And Reporting
Authors: Ciaran Connolly
6th Edition
1912350025, 978-1912350025
