Given the Following Information, Determine the Cost of Ending Inventory

question 206

Multiple Choice

Given the following information, determine the cost of ending inventory at December 31 using the LIFO perpetual inventory method. December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 11: 12 units were sold at $35 per unit.
December 15: 20 units were purchased at $10.15 per unit.
December 22: 18 units were sold at $35 per unit.

• A)$51.75
• B)$83.22
• C)$41.30
• D)$94.00
• E)$50.75

---

Definitions:

Perception

The process of organizing and interpreting sensory information to make it meaningful.

Environmental Stimuli

External factors or changes in the environment that can elicit responses from living organisms.

Emotional Reactions

Emotional reactions are immediate responses to external or internal events, involving feelings that can range from happiness and excitement to sadness and anger.

Perception

The process by which individuals organize and interpret their sensory impressions to give meaning to their environment.