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    Financial Managerial Accounting Study Set 1
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    Exam 8: Inventories and the Cost of Goods Sold
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    Assuming That Beech Soda Uses the LIFO Flow Assumption, the 28
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Assuming That Beech Soda Uses the LIFO Flow Assumption, the 28

Question 168

Question 168

Multiple Choice

Assuming that Beech Soda uses the LIFO flow assumption, the 28 units of this product in inventory at January 31 have a total cost of:


A) $400.
B) $395.
C) $405.
D) $410.

Correct Answer:

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