A Firm Purchased 25 Units of Materials with a Unit

question 73

Multiple Choice

A firm purchased 25 units of materials with a unit price of $2.00 on May 5.On May 15,the firm purchased 25 units with a unit price of $2.10.If the firm uses the LIFO method of inventory pricing,the total cost of 30 units issued on May 20 would be

• A) $62.50.
• B) $60.00.
• C) $63.00.
• D) $60.50.

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