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The Annual Inventory of the Bike Shop Inc

Question 9

Multiple Choice

The annual inventory of The Bike Shop Inc. shows the following information for mountain bikes: The annual inventory of The Bike Shop Inc. shows the following information for mountain bikes: If 36 mountain bikes were on hand on December 31, what is the value of the ending inventory using the LIFO method of inventory pricing? A) $4,536 B) $3,992 C) $6,536 D) $2,720 If 36 mountain bikes were on hand on December 31, what is the value of the ending inventory using the LIFO method of inventory pricing?


A) $4,536
B) $3,992
C) $6,536
D) $2,720

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