Netta Shutters Has the Following Inventory Information A Physical Count of Merchandise Inventory on November 30 Reveals

question 119

Multiple Choice

Netta Shutters has the following inventory information. $$\begin{array} { r l l } \text { Nov. } 1 & \text { Inventory } & 30 \text { units @ \$8.00 } \\8 & \text { Purchase } & 120 \text { units @ \$8.30 } \\17 & \text { Purchase } & 60 \text { units @ \$8.40 } \\25 & \text { Purchase } & 90 \text { units @ \$8.80 }\end{array}$$ A physical count of merchandise inventory on November 30 reveals that there are 90 units on hand. Assume a periodic inventory system is used. Ending inventory under LIFO is

• A) $738.
• B) $792.
• C) $1,740.
• D) $1,794.

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