A company had the following purchases during the current year: On December 31,there were 26 units remaining in ending inventory.Using the LIFO inventory valuation method,what is the cost of the ending inventory?
A)$3,280.
B)$3,200.
C)$3,445.
D)$3,540.
E)$3,640.

Question

A company had the following purchases during the current year:  On December 31,there were 26 units remaining in ending inventory.Using the LIFO inventory valuation method,what is the cost of the ending inventory?
A)$3,280. 
B)$3,200. 
C)$3,445. 
D)$3,540. 
E)$3,640.

Quizplus · Accepted Answer

The Answer of A company had the following purchases during the current year:  On December 31,there were 26 units remaining in ending inventory.Using the LIFO inventory valuation method,what is the cost of the ending inventory?
A)$3,280. 
B)$3,200. 
C)$3,445. 
D)$3,540. 
E)$3,640.

A Company Had the Following Purchases During the Current Year