Dobler Company uses a periodic inventory system.Details for the inventory account for the month of January 2022 are as follows: An end of the month (1/31/2022) inventory showed that 240 units were on hand.If the company uses LIFO, what is the value of the ending inventory?
A)$1,264
B)$1,200
C)$1,302
D)$1,920

Question

Dobler Company uses a periodic inventory system.Details for the inventory account for the month of January 2022 are as follows:  An end of the month (1/31/2022) inventory showed that 240 units were on hand.If the company uses LIFO, what is the value of the ending inventory?
A)$1,264 
B)$1,200 
C)$1,302 
D)$1,920

Quizplus · Accepted Answer

The Answer of Dobler Company uses a periodic inventory system.Details for the inventory account for the month of January 2022 are as follows:  An end of the month (1/31/2022) inventory showed that 240 units were on hand.If the company uses LIFO, what is the value of the ending inventory?
A)$1,264 
B)$1,200 
C)$1,302 
D)$1,920

Dobler Company Uses a Periodic Inventory System