Amiable Inc.uses a perpetual inventory system.The following transactions took place during the month of August:

If Amiable uses the LIFO method,what is the ending inventory at August 31?
A)$496.00
B)$486.00
C)$492.57
D)$300.00
E)$510.00

Question

Amiable Inc.uses a perpetual inventory system.The following transactions took place during the month of August:

If Amiable uses the LIFO method,what is the ending inventory at August 31?
A)$496.00 
B)$486.00 
C)$492.57 
D)$300.00 
E)$510.00

Quizplus · Accepted Answer

The Answer of Amiable Inc.uses a perpetual inventory system.The following transactions took place during the month of August:

If Amiable uses the LIFO method,what is the ending inventory at August 31?
A)$496.00 
B)$486.00 
C)$492.57 
D)$300.00 
E)$510.00