Under the LIFO flow assumption, the cost of this item to be included as inventory in the company's year-end balance sheet is:
A) $36,000.
B) $42,000.
C) $36,500.
D) $37,500.

Question

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The Answer of Under the LIFO flow assumption, the cost of this item to be included as inventory in the company's year-end balance sheet is:
A) $36,000.
B) $42,000.
C) $36,500.
D) $37,500.

Under the LIFO Flow Assumption, the Cost of This Item