Harvey's Junk Jewelry started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2018:
-The estimated ending inventory at retail is:
A) $27,300.
B) $25,000.
C) $26,600.
D) $26,400.

Question

Harvey's Junk Jewelry started business January 1, 2018, and uses the LIFO retail method to estimate ending inventory. Listed below is data accumulated for the year ended December 31, 2018:  
-The estimated ending inventory at retail is:
A) $27,300. 
B) $25,000. 
C) $26,600. 
D) $26,400.

Quizplus · Accepted Answer

11ea937b_3624_23ff_a419_214471783152_TB2599_00

Harvey's Junk Jewelry Started Business January 1, 2018, and Uses