Kramer Company values its inventory by using the retail method (LIFO basis, stable prices). The following information is available for the year 2014. At what amount would Kramer Company report its ending inventory?
A) $95,700.
B) $96,000.
C) $100,300.
D) $102,000.

Question

Kramer Company values its inventory by using the retail method (LIFO basis, stable prices). The following information is available for the year 2014.  At what amount would Kramer Company report its ending inventory?
A) $95,700. 
B) $96,000. 
C) $100,300. 
D) $102,000.

Quizplus · Accepted Answer

The Answer of Kramer Company values its inventory by using the retail method (LIFO basis, stable prices). The following information is available for the year 2014.  At what amount would Kramer Company report its ending inventory?
A) $95,700. 
B) $96,000. 
C) $100,300. 
D) $102,000.

Kramer Company Values Its Inventory by Using the Retail Method