-Thelen's Inventory Records Show the Following Data at January 31

question 8

Multiple Choice

-Thelen's inventory records show the following data at January 31: At January 31, 240 units are still on hand. What is the cost of the ending inventory at January 31 if Thelen uses the LIFO method?

• A)$1440
• B)$2040
• C)$2880
• D)$2160

---

Definitions:

Michelozzo

An Italian architect and sculptor of the Renaissance, known for his collaboration with Donatello and for designing the Palazzo Medici Riccardi in Florence.

Santa Croce

A historic Franciscan church in Florence, Italy, known for its art and as the burial place of famous Italians.

Competition Panel

A term that can refer to a group or jury in a competitive event tasked with overseeing and judging the competition.

Lorenzo De' Medici

An Italian statesman and de facto ruler of the Florentine Republic during the Italian Renaissance, known for his patronage of the arts and scholarship.