Use this inventory information for the month of August to answer the following question. Assuming that a perpetual inventory system is used,what is ending inventory on a FIFO basis?
A)$3,904
B)$3,984
C)$4,024
D)More information is needed.

Question

Use this inventory information for the month of August to answer the following question.  Assuming that a perpetual inventory system is used,what is ending inventory on a FIFO basis?
A)$3,904 
B)$3,984 
C)$4,024 
D)More information is needed.

Quizplus · Accepted Answer

The Answer of Use this inventory information for the month of August to answer the following question.  Assuming that a perpetual inventory system is used,what is ending inventory on a FIFO basis?
A)$3,904 
B)$3,984 
C)$4,024 
D)More information is needed.

Use This Inventory Information for the Month of August to Answer