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    Intermediate Accounting Study Set 9
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    Exam 8: Valuation of Inventories: a Cost-Basis Approach
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    Opera Corp
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Opera Corp

Question 95

Question 95

Multiple Choice

Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:   What is the 2015 inventory balance using dollar-value LIFO? A)  $810,000. B)  $771,000. C)  $736,500. D)  $754,500. What is the 2015 inventory balance using dollar-value LIFO?


A) $810,000.
B) $771,000.
C) $736,500.
D) $754,500.

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