Use the following information for questions 130 and 131.
Eaton Company, which uses the retail LIFO method to determine inventory cost, has provided the following information for 2014:
-Assuming stable prices (no change in the price index during 2014), what is the cost of Eaton's inventory at December 31, 2014?
A) $256,200.
B) $276,200.
C) $272,000.
D) $264,600.

Question

Use the following information for questions 130 and 131.
Eaton Company, which uses the retail LIFO method to determine inventory cost, has provided the following information for 2014: 
-Assuming stable prices (no change in the price index during 2014), what is the cost of Eaton's inventory at December 31, 2014?
A) $256,200. 
B) $276,200. 
C) $272,000. 
D) $264,600.

Quizplus · Accepted Answer

The Answer of Use the following information for questions 130 and 131.
Eaton Company, which uses the retail LIFO method to determine inventory cost, has provided the following information for 2014: 
-Assuming stable prices (no change in the price index during 2014), what is the cost of Eaton's inventory at December 31, 2014?
A) $256,200. 
B) $276,200. 
C) $272,000. 
D) $264,600.

Use the Following Information for Questions 130 and 131