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The Following Data Is Available for an Item of LCC

Question 70

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The following data is available for an item of LCC Inc.for the month of March:?  March 1 Inventory 15 units at $10 each 15 Purchase 30 units at $18 each 31 Purchase 20 units at $15 each  Sale 30 units \begin{array} { r l l } \text { March } 1 & \text { Inventory } & 15 \text { units at } \$ 10 \text { each } \\15 & \text { Purchase } & 30 \text { units at } \$ 18 \text { each } \\31 & \text { Purchase } & 20 \text { units at } \$ 15 \text { each } \\& \text { Sale } & 30 \text { units }\end{array} ? Using the last-in, first-out method, what is ABC Inc.'s cost of ending inventory for March?


A) $450
B) $630
C) $540
D) $510

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