Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: What is the 2013 inventory balance using dollar-value LIFO?
A) $390,000.
B) $371,424.
C) $736,362.
D) $810,000.

Question

Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:  What is the 2013 inventory balance using dollar-value LIFO?
A) $390,000. 
B) $371,424. 
C) $736,362. 
D) $810,000.

Quizplus · Accepted Answer

The Answer of Opera Corp. uses the dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:  What is the 2013 inventory balance using dollar-value LIFO?
A) $390,000. 
B) $371,424. 
C) $736,362. 
D) $810,000.