addisongrayce29 addisongrayce29

29-07-2024
Business

Answered

A business purchases two units of $50 each, and later purchases three more at $60 each. Shortly afterwards one is sold. What is the cost of the inventory remaining under the LIFO method?
A. $234
B. $230
C. $220
D. $224

ANSWER: $220

Answer :

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