Radical Radials Company has the following inventory data: A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand.Using the LIFO inventory method, the amount allocated to ending inventory for July is
A)$930
B)$912
C)$960
D)$1,056.

Question

Radical Radials Company has the following inventory data:  A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand.Using the LIFO inventory method, the amount allocated to ending inventory for July is
A)$930 
B)$912 
C)$960 
D)$1,056.

Quizplus · Accepted Answer

The Answer of Radical Radials Company has the following inventory data:  A physical count of merchandise inventory on July 30 reveals that there are 48 units on hand.Using the LIFO inventory method, the amount allocated to ending inventory for July is
A)$930 
B)$912 
C)$960 
D)$1,056.

Radical Radials Company Has the Following Inventory Data: a Physical