Given the Following Information,determine the Cost of the Inventory at June

question 119

Multiple Choice

Given the following information,determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. The cost of the ending inventory is:

• A)$200
• B)$220
• C)$380
• D)$275
• E)$300

---

Definitions:

External Financing Need

The amount of funding a firm requires from external sources to finance its planned investment or business activities beyond what is generated internally.

Four Factors

Essential elements or aspects considered crucial in evaluating or determining a specific outcome, although the specific factors may vary based on context.

Higher Rate Growth

An increased pace at which a particular economic variable, typically revenue or GDP, expands over time.

10% Rate

A specified interest rate or rate of return set at 10%, used for calculations involving financial transactions.