Shirey Co. Shirey Uses a Periodic Inventory System. at the End of the End

Multiple Choice

Shirey Co.
Shirey uses a periodic inventory system. At the end of January, 20 units were on hand. The following additional information is available for the month of January.

- Refer to the information provided for Shirey. If Shirey uses the LIFO inventory costing method, how much is inventory on the balance sheet at the end of January?

A) $40
B) $50
C) $58
D) $60