A Company Had the Following Purchases and Sales During Its

question 207

Multiple Choice

A company had the following purchases and sales during its first year of operations: On December 31,there were 26 units remaining in ending inventory.
-Using the periodic LIFO inventory costing method,what is the cost of the ending inventory? (Assume all sales were made on the last day of the month.)

• A)$3,405.
• B)$3,270.
• C)$3,200.
• D)$3,364.
• E)$5,400.

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