The ending inventory assuming LIFO and a perpetual inventory system is:
A)$1,545.
B)$1,470.
C)$1,580.
D)$1,510.

Name: The ending inventory assuming LIFO and a perpetual inventory system is: A)$1,545. B)$1,470. C)$1,580. D)$1,510.
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Quizplus · Accepted Answer

The ending inventory assuming LIFO and a perpetual inventory system is $1,545. This is because the last items purchased are the first items sold, so the ending inventory will consist of the oldest items purchased.

The Ending Inventory Assuming LIFO and a Perpetual Inventory System