Use the following information to answer:
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Delacour, Inc. for an operating period.

-Assuming Delacour, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is:

Question

Use the following information to answer:
The following data represent the beginning inventory and, in order of occurrence, the purchases and sales of Delacour, Inc. for an operating period.
 
-Assuming Delacour, Inc. uses LIFO periodic inventory procedures, the ending inventory cost is:

Quizplus · Accepted Answer

(30 x $28) + (10 x $40) = $1,240

Use the Following Information to Answer