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

-Assuming Tina Star Company 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 the order of occurrence, the purchases and sales of Tina Star Company for an operating period.
 
-Assuming Tina Star Company uses LIFO periodic inventory procedures, the ending inventory cost is:

Quizplus · Accepted Answer

(20 x $116) + (20 x $124) + (50 x $128) = $11,200

Use the Following Information to Answer