Acme-Jones Corporation Uses a LIFO Perpetual Inventory System

question 77

Multiple Choice

Acme-Jones Corporation uses a LIFO perpetual inventory system.
August 2,25 units were purchased at $12 per unit.
August 5,10 units were purchased at $13 per unit
August 15,12 units were sold at $25 per unit.
August 18,15 units were purchased at $14 per unit.
What was the amount of the ending inventory for the month of August?

• A)$496.00
• B)$486.00
• C)$492.57
• D)$300.00
• E)$510.00

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Definitions:

Pregnancy

A biological condition where a woman carries and develops one or more offspring inside her womb.

Protective Factors

Events or circumstances that help to offset, or buffer, risk factors. Anything that lessens the likelihood of disease. For example, exercise is thought to be a protective factor for cardiovascular disease.

Risk Factors

Events or circumstances that increase the likelihood of later pathology.

Psychopathology

Both the scientific study of psychological abnormality and the problems faced by people who suffer from such disorders.