Use this inventory information for the month of March to answer the following questions. Assuming that a perpetual inventory system is used, what is ending inventory on a LIFO basis?
A) More information is needed.
B) $5,120
C) $2,720
D) $2,880

Question

Use this inventory information for the month of March to answer the following questions.  Assuming that a perpetual inventory system is used, what is ending inventory on a LIFO basis?
A) More information is needed. 
B) $5,120 
C) $2,720 
D) $2,880

Quizplus · Accepted Answer

The Answer of Use this inventory information for the month of March to answer the following questions.  Assuming that a perpetual inventory system is used, what is ending inventory on a LIFO basis?
A) More information is needed. 
B) $5,120 
C) $2,720 
D) $2,880

Use This Inventory Information for the Month of March to Answer