Diligent Ltd Had 5 Units of the Commodity Algo on Hand

question 38

Multiple Choice

Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016.The following purchases and sales were made during September:
- What was the value of ending inventory of Algo,using the LIFO assumption in a perpetual inventory system?

• A) $1460
• B) $1480
• C) $1580
• D) $2400

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In linguistics, the superficial appearance or syntax of a sentence, as opposed to the deeper, underlying meaning.

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The quality of being adaptable or variable, referring to the ability to adjust to new conditions or the capacity of being bent or stretched.

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