Maki Company has the following data available: If Maki Company uses a perpetual FIFO inventory system,the cost of ending inventory on October 31 is ________.
A)$14,800
B)$13,875
C)$49,400
D)$63,900

Question

Maki Company has the following data available:  If Maki Company uses a perpetual FIFO inventory system,the cost of ending inventory on October 31 is ________.
A)$14,800 
B)$13,875 
C)$49,400 
D)$63,900

Quizplus · Accepted Answer

Without any cost data and additional information, it is impossible to accurately calculate the cost of ending inventory. Therefore, we must rely on the given answer choices. The best choice can be determined through process of elimination. 
Option C and D are unlikely as they are significantly larger than the other two options. 
Option A is not likely to be correct as it is the smallest value. 
Therefore, B is the best choice out of the provided answer options.

Maki Company Has the Following Data Available: If Maki