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WAP Industries has the following inventory records in March #Units Price/Unit Beginning Inventory 100 $5.50 Purchases, Nov 10 225 $5.60 Purchases, Nov 15 200
WAP Industries has the following inventory records in March #Units Price/Unit Beginning Inventory 100 $5.50 Purchases, Nov 10 225 $5.60 Purchases, Nov 15 200 $5.70 Purchases, Nov 28 175 $5.90 A physical count of merchandise inventory on March 31 reveals that there are 300 units on hand. Using the LIFO inventory method, the cost of the inventory sold in March is: $1,745 $1,670 O $2,238 $2.313
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