Seattle,Co.began the year with 480 units of one of its most popular products.During the year Seattle purchased 1,000 units and sold 1,100 units for $750 each.What is the pre-tax effect of Seattle's LIFO liquidation?
A)$57,600
B)$7,200
C)$14,400
D)$17,400

Question

Seattle,Co.began the year with 480 units of one of its most popular products.During the year Seattle purchased 1,000 units and sold 1,100 units for $750 each.What is the pre-tax effect of Seattle's LIFO liquidation? 
A)$57,600 
B)$7,200 
C)$14,400 
D)$17,400

Quizplus · Accepted Answer

The Answer of Seattle,Co.began the year with 480 units of one of its most popular products.During the year Seattle purchased 1,000 units and sold 1,100 units for $750 each.What is the pre-tax effect of Seattle's LIFO liquidation? 
A)$57,600 
B)$7,200 
C)$14,400 
D)$17,400