Shayla's Design Uses a Periodic Inventory System Ending Inventory Under the LIFO Method Is:
A)$1,141

question 112

Multiple Choice

Shayla's Design uses a periodic inventory system.Shayla sold 33 artist kits during January.Other data for January includes: $\begin{array} { | r | l | l | } \hline \text { Jan. 1 } & \text { Balance } & 12 \text { kits } @ \$ 30 \\\hline 11 & \text { Purchased } & 20 \text { kits } @ \$ 33 \\\hline 25 & \text { Purchased } & 26 \text { kits } @ \$ 35 \\\hline\end{array}$ Ending inventory under the LIFO method is:

• A)$1,141.
• B)$1,055.
• C)$875.
• D)$789.

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