Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4.
- Using the LIFO perpetual inventory method, what is the value of inventory after the October 4 sale?
A) $3,500.
B) $3,485.
C) $3,472.
D) $3,445.
E) $3,461.

Question

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The Answer of Starlight Company has inventory of 8 units at a cost of $200 each on October 1. On October 2, it purchased 20 units at $205 each. 11 units are sold on October 4.
- Using the LIFO perpetual inventory method, what is the value of inventory after the October 4 sale?
A) $3,500.
B) $3,485.
C) $3,472.
D) $3,445.
E) $3,461.

Starlight Company Has Inventory of 8 Units at a Cost