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Right Images Printing Uses Perpetual LIFO in Valuing Its Inventory

Question 12

Multiple Choice

Right Images Printing uses perpetual LIFO in valuing its inventory.The January 1 inventory amounted to 36 units at $6 each.Purchases and sales during January were as follows:  Purchases  Sales  Jan. 1020 units @$8 Jan. 510 unit 1724 units @$101522 unit \begin{array}{llll}&\text { Purchases }&&\text { Sales }\\ \text { Jan. } 10 & 20 \text { units } @ \$ 8 & \text { Jan. } 5 & 10 \text { unit } \\17 & 24 \text { units } @ \$ 10 & 15 & 22 \text { unit }\end{array}
The cost of the ending inventory was


A) $424
B) $312
C) $384
D) $336

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