Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows: What is the 2014 inventory balance using dollar-value LIFO?
A) $756,000.
B) $771,000.
C) $736,500.
D) $754,500.

Question

Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:  What is the 2014 inventory balance using dollar-value LIFO?
A) $756,000. 
B) $771,000. 
C) $736,500. 
D) $754,500.

Quizplus · Accepted Answer

The Answer of Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:  What is the 2014 inventory balance using dollar-value LIFO?
A) $756,000. 
B) $771,000. 
C) $736,500. 
D) $754,500.