Multiple Choice
Use the following information for 121 and 122
RF Company had January 1 inventory of $200,000 when it adopted dollar-value LIFO. During the year, purchases were $1,200,000 and sales were $2,000,000. December 31 inventory at year-end prices was $286,720, and the price index was 112.
-What is RF Company's ending inventory?
A) $200,000.
B) $256,000.
C) $262,720.
D) $286,720.
Correct Answer:

Verified
Correct Answer:
Verified
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