A Firm Purchased 50 Units of Materials with a Unit

question 100

Multiple Choice

A firm purchased 50 units of materials with a unit price of $1.30 on June 1.On June 15,the firm purchased 50 units with a unit price of $1.20.If the firm uses the LIFO method of inventory pricing,the total cost of 65 units issued on June 20 would be

• A) $83.00.
• B) $79.50.
• C) $78.00.
• D) $84.50.

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