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Stone Company Uses the LIFO Method

Question 10

Multiple Choice

Stone Company uses the LIFO method. At the end of the period there are 22 units left in inventory. Given the following, the cost of ending inventory is: Stone Company uses the LIFO method. At the end of the period there are 22 units left in inventory. Given the following, the cost of ending inventory is: A) $1,400 B) $3,200 C) $1,530 D) $3,150 E) None of these


A) $1,400
B) $3,200
C) $1,530
D) $3,150
E) None of these

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