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:

Tort Of Negligence

Refers to a civil wrong that arises from an act or failure to act, resulting in injury or harm, stemming from a breach of duty of care owed to others.

Tort Of Trespass

A legal wrong that involves the direct, intentional or negligent unauthorized entry onto another person's property.

Neighbour's Property

Issues and laws concerning the rights and responsibilities between adjoining landowners, including boundary disputes and nuisances.

Pool

A common fund or resource created by the contribution of several individuals or entities, often for shared use or investment purposes.