Williams Company Had the Following Balances and Transactions During 2013

question 96

Multiple Choice

Williams Company had the following balances and transactions during 2013. What would the company's inventory amount be on the 31 December 2013 balance sheet if the perpetual LIFO method is used? (Answers are rounded to the nearest dollar.)

• A)$1 050
• B)$1 100
• C)$1 200
• D)$900

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