RJ Corporation has provided the following information about one of its inventory items: During the year, RJ sold 3,000 units. What was ending inventory using the LIFO cost flow assumption under a periodic inventory system?
A)$640,000.
B)$840,000.
C)$770,000.
D)$880,000.

Question

RJ Corporation has provided the following information about one of its inventory items:  During the year, RJ sold 3,000 units. What was ending inventory using the LIFO cost flow assumption under a periodic inventory system?
A)$640,000. 
B)$840,000. 
C)$770,000. 
D)$880,000.

Quizplus · Accepted Answer

The Answer of RJ Corporation has provided the following information about one of its inventory items:  During the year, RJ sold 3,000 units. What was ending inventory using the LIFO cost flow assumption under a periodic inventory system?
A)$640,000. 
B)$840,000. 
C)$770,000. 
D)$880,000.

RJ Corporation Has Provided the Following Information About One of Its