Use this inventory information for the month of March to answer the following question. Assume that a periodic inventory system is used.
What is ending inventory under the LIFO method?
A)$1,680
B)$1,980
C)More information is needed.
D)$2,720

Question

Use this inventory information for the month of March to answer the following question.  Assume that a periodic inventory system is used.
What is ending inventory under the LIFO method?
A)$1,680 
B)$1,980 
C)More information is needed. 
D)$2,720

Quizplus · Accepted Answer

The Answer of Use this inventory information for the month of March to answer the following question.  Assume that a periodic inventory system is used.
What is ending inventory under the LIFO method?
A)$1,680 
B)$1,980 
C)More information is needed. 
D)$2,720

Use This Inventory Information for the Month of March to Answer