Portey Company
Portey uses a perpetual inventory system and had the following inventory transactions for the month of June.

- Refer to the information provided for Portey. If Portey uses the LIFO inventory costing method, ending inventory at June 30th is:
A) $1,024.82
B) $1,092.00
C) $1,010.00
D) $1,041.00

Question

Portey Company 
Portey uses a perpetual inventory system and had the following inventory transactions for the month of June.

- Refer to the information provided for Portey. If Portey uses the LIFO inventory costing method, ending inventory at June 30th is:
A) $1,024.82 
B) $1,092.00 
C) $1,010.00 
D) $1,041.00

Quizplus · Accepted Answer

The Answer of Portey Company 
Portey uses a perpetual inventory system and had the following inventory transactions for the month of June.

- Refer to the information provided for Portey. If Portey uses the LIFO inventory costing method, ending inventory at June 30th is:
A) $1,024.82 
B) $1,092.00 
C) $1,010.00 
D) $1,041.00

Portey Company Portey Uses a Perpetual Inventory System and Had the Following