Samson Company Had the Following Balances and Transactions During 2012

question 3

Multiple Choice

Samson Company had the following balances and transactions during 2012. What would the company's Inventory amount be on the December 31, 2012 balance sheet if the periodic LIFO costing method is used? (Answers are rounded to the nearest dollar.)

• A)$560
• B)$537
• C)$554
• D)$490

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