Given the Following Inventory Activity, What Is Ending Inventory Using

question 47

Multiple Choice

Given the following inventory activity, what is ending inventory using the perpetual LIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

• A)195 units @ $3.32
• B)120 units @ $3.00 and 45 units @ $2.50 and 30 units @ $6.00
• C)165 units @ $2.83 and 30 units @ $6.00
• D)105 units @ $3.00 and 60 units @ $2.50 and 30 units @ $6.00

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Definitions:

Specific Object

An item or thing that is distinctly identified or defined.

Anxiety

A feeling of worry, nervousness, or unease about something with an uncertain outcome, often related to imminent events or something with an unpredictable result.

Hysteria

A psychological disorder characterized by excessive or uncontrollable emotion or excitement, now recognized as a variety of disorders.

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Situations, concepts, or phenomena that are completely contrary to each other, exhibiting no common ground.