Multiple Choice
Given the following information, determine the cost of ending inventory at June 30 using the LIFO perpetual inventory method. Assume this is the first month of the company's operations. June 1: 15 units were purchased at $20 per unit.
June 15: 12 units were sold.
June 29: 8 units were purchased for $25 per unit.
A) $200
B) $220
C) $260
D) $275
E) $300
Correct Answer:
Verified
Correct Answer:
Verified
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