In 20B, Landings, Inc

question 31

Multiple Choice

In 20B, Landings, Inc. provided the following items in their footnotes. Their cost of goods available for sale was $4.5 billion under FIFO costing and their ending inventory value under FIFO costing was $2.1 billion. Their purchases were $4.1 billion. What was their opening inventory?

• A) $0.4 billion
• B) $2.4 billion
• C) $2.0 billion
• D) $6.2 billion

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Definitions:

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A communication expert and author known for her expertise in presentation design and public speaking.

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