Use the Information Above to Answer the Following Question

question 77

Multiple Choice

Use the information above to answer the following question.If the company uses the LIFO costing method,what is the cost of its ending inventory?

• A)$1,365.
• B)$1,494.
• C)$1,620.
• D)$2,835.

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Definitions:

Net Present Value

A performance indicator for assessing an investment's profit, derived by taking away the current value of cash disbursements from the current value of cash incomes during a specific period.

Capital Expenditure

Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings, or equipment.

Cash Inflows

The total amount of money being transferred into a business, typically measured within a specific time period.

Cash Outflows

Money that is spent or transferred out of a business, usually as a result of operational expenses, investments, or financing activities.