Bonkers Bananas has the following inventory data: A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand.Using the LIFO inventory method, the amount allocated to ending inventory for July is
A)$1,100.
B)$1,010.
C)$1,070.
D)$1,000.

Question

Bonkers Bananas has the following inventory data:  A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand.Using the LIFO inventory method, the amount allocated to ending inventory for July is
A)$1,100. 
B)$1,010. 
C)$1,070. 
D)$1,000.

Quizplus · Accepted Answer

The Answer of Bonkers Bananas has the following inventory data:  A physical count of merchandise inventory on July 30 reveals that there are 50 units on hand.Using the LIFO inventory method, the amount allocated to ending inventory for July is
A)$1,100. 
B)$1,010. 
C)$1,070. 
D)$1,000.

Bonkers Bananas Has the Following Inventory Data: a Physical