Given the following inventory activity, what is ending inventory using the perpetual LIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)
A)195 units @ $3.32
B)120 units @ $3.00 and 45 units @ $2.50 and 30 units @ $6.00
C)165 units @ $2.83 and 30 units @ $6.00
D)105 units @ $3.00 and 60 units @ $2.50 and 30 units @ $6.00

Question

Given the following inventory activity, what is ending inventory using the perpetual LIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) 
A)195 units @ $3.32 
B)120 units @ $3.00 and 45 units @ $2.50 and 30 units @ $6.00 
C)165 units @ $2.83 and 30 units @ $6.00 
D)105 units @ $3.00 and 60 units @ $2.50 and 30 units @ $6.00

Quizplus · Accepted Answer

The Answer of Given the following inventory activity, what is ending inventory using the perpetual LIFO costing method? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.) 
A)195 units @ $3.32 
B)120 units @ $3.00 and 45 units @ $2.50 and 30 units @ $6.00 
C)165 units @ $2.83 and 30 units @ $6.00 
D)105 units @ $3.00 and 60 units @ $2.50 and 30 units @ $6.00

Given the Following Inventory Activity, What Is Ending Inventory Using