Multiple Choice
[The following information applies to the questions displayed below.]
Harding Systems,Inc.uses a periodic inventory system.The purchases of a particular product during the year are shown below:
![[The following information applies to the questions displayed below.] Harding Systems,Inc.uses a periodic inventory system.The purchases of a particular product during the year are shown below: At December 31 the ending inventory consisted of 1,500 units. -Refer to the information above.Compute the cost of the ending inventory based on the LIFO method of inventory valuation. A) $12,500 B) $27,650 C) $10,975 D) $29,175](https://d2lvgg3v3hfg70.cloudfront.net/TB1009/11eaae1a_a32f_4c65_b09f_1f3cd40402b2_TB1009_00_TB1009_00_TB1009_00_TB1009_00_TB1009_00_TB1009_00.jpg)
At December 31 the ending inventory consisted of 1,500 units.
-Refer to the information above.Compute the cost of the ending inventory based on the LIFO method of inventory valuation.
A) $12,500
B) $27,650
C) $10,975
D) $29,175
Correct Answer:
Verified
Correct Answer:
Verified
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