Tahjmahol
Nov 5, 2006, 04:24 PM
Surgical supply, inc. had the following inventory
January 1: 47 units at $8 each
January 15:28 units at $9.50 each
February 10: 18 units at $12 each
There was 24 units in ending inventory. What is the value of the ending inventoy using the LIFO method?
A. $273
B. $192
C. $177
D $228
January 1: 47 units at $8 each
January 15:28 units at $9.50 each
February 10: 18 units at $12 each
There was 24 units in ending inventory. What is the value of the ending inventoy using the LIFO method?
A. $273
B. $192
C. $177
D $228