Stone Company uses the LIFO method. At the end of the period there are 22 units left in inventory. Given the following, the cost of ending inventory is:
A)$1,400
B)$3,200
C)$1,530
D)$3,150
E)None of these

Question

Stone Company uses the LIFO method. At the end of the period there are 22 units left in inventory. Given the following, the cost of ending inventory is: 
A)$1,400 
B)$3,200 
C)$1,530 
D)$3,150 
E)None of these

Quizplus · Accepted Answer

The Answer of Stone Company uses the LIFO method. At the end of the period there are 22 units left in inventory. Given the following, the cost of ending inventory is: 
A)$1,400 
B)$3,200 
C)$1,530 
D)$3,150 
E)None of these

Stone Company Uses the LIFO Method