Three identical units of merchandise were purchased during March, as shown: Assume that one unit is sold on March 23 for $1,125. What is the ending inventory on March 31 using LIFO?
A)$245
B)$295
C)$1,670
D)$1,720

Question

Three identical units of merchandise were purchased during March, as shown:  Assume that one unit is sold on March 23 for $1,125. What is the ending inventory on March 31 using LIFO?
A)$245 
B)$295 
C)$1,670 
D)$1,720

Quizplus · Accepted Answer

The Answer of Three identical units of merchandise were purchased during March, as shown:  Assume that one unit is sold on March 23 for $1,125. What is the ending inventory on March 31 using LIFO?
A)$245 
B)$295 
C)$1,670 
D)$1,720

Three Identical Units of Merchandise Were Purchased During March, as Shown