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The Following Information Pertains to the Fan Company's Inventory Item

Question 149

Multiple Choice

The following information pertains to the Fan Company's inventory item B1008:
 March 1  Inventory Balance 400 units @$3.105 Purchase 1,400 units @$3.2014 Purchase 280 units @$3.2531 Inventory Balance 520 units \begin{array}{rlrr}\text { March 1 } & \text { Inventory Balance } & 400 \text { units } &@\$ 3.10 \\5 & \text { Purchase } & 1,400 \text { units } &@ \$ 3.20 \\14 & \text { Purchase } & 280 \text { units } &@ \$ 3.25 \\31 & \text { Inventory Balance } & 520 \text { units } &\end{array}
-In a periodic inventory system,the ending LIFO inventory is


A) $1,624.
B) $1,655.
C) $1,678.
D) $1,733.

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