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Three Identical Units of Merchandise Were Purchased During March, as Shown

Question 119

Multiple Choice

Three identical units of merchandise were purchased during March, as shown Three identical units of merchandise were purchased during March, as shown Assume that one unit is sold on March 23 for $1,125. What is the ending inventory on March 31 using LIFO. A) $245 B) $295 C) $1,670 D) $1,720
Assume that one unit is sold on March 23 for $1,125. What is the ending inventory on March 31 using LIFO.


A) $245
B) $295
C) $1,670
D) $1,720

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