Use this inventory information for the month of May to answer the following question. Assuming that a periodic inventory system is used
What is ending inventory under the LIFO method?
A) $2,720
B) $2,800
C) More information is needed.
D) $2,880

Question

Use this inventory information for the month of May to answer the following question.  Assuming that a periodic inventory system is used
What is ending inventory under the LIFO method?
A) $2,720 
B) $2,800 
C) More information is needed. 
D) $2,880

Quizplus · Accepted Answer

The Answer of Use this inventory information for the month of May to answer the following question.  Assuming that a periodic inventory system is used
What is ending inventory under the LIFO method?
A) $2,720 
B) $2,800 
C) More information is needed. 
D) $2,880

Use This Inventory Information for the Month of May to Answer