The Following Data Is Available for an Item of LCC

question 70

Multiple Choice

The following data is available for an item of LCC Inc.for the month of March:? $$\begin{array} { r l l } \text { March } 1 & \text { Inventory } & 15 \text { units at } \$ 10 \text { each } \\15 & \text { Purchase } & 30 \text { units at } \$ 18 \text { each } \\31 & \text { Purchase } & 20 \text { units at } \$ 15 \text { each } \\& \text { Sale } & 30 \text { units }\end{array}$$ ? Using the last-in, first-out method, what is ABC Inc.'s cost of ending inventory for March?

• A) $450
• B) $630
• C) $540
• D) $510

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Definitions:

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A city in South Carolina, known for its rich history and as a center for higher education and cultural events.

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