Multiple Choice
[The following information applies to the questions displayed below.]
Venus Wholesale Co.started carrying a new product in December.Purchases and sales of this product during the month were:
![[The following information applies to the questions displayed below.] Venus Wholesale Co.started carrying a new product in December.Purchases and sales of this product during the month were: -Assuming the LIFO flow assumption is in use,the perpetual inventory records will indicate an ending inventory of this product of: A) $9,800. B) $10,600. C) $10,800. D) $8,000.](https://d2lvgg3v3hfg70.cloudfront.net/TB1009/11eaae1a_a32d_9eb3_b09f_6b5d15cd6496_TB1009_00.jpg)
-Assuming the LIFO flow assumption is in use,the perpetual inventory records will indicate an ending inventory of this product of:
A) $9,800.
B) $10,600.
C) $10,800.
D) $8,000.
Correct Answer:
Verified
Correct Answer:
Verified
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