Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016.The following purchases and sales were made during September:
- What was the value of ending inventory of Algo,using the LIFO assumption in a perpetual inventory system?
A) $1460
B) $1480
C) $1580
D) $2400

Question

Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016.The following purchases and sales were made during September: 
- What was the value of ending inventory of Algo,using the LIFO assumption in a perpetual inventory system?
A) $1460 
B) $1480 
C) $1580 
D) $2400

Quizplus · Accepted Answer

The Answer of Diligent Ltd had 5 units of the commodity Algo on hand at 1 September 2016.The following purchases and sales were made during September: 
- What was the value of ending inventory of Algo,using the LIFO assumption in a perpetual inventory system?
A) $1460 
B) $1480 
C) $1580 
D) $2400

Diligent Ltd Had 5 Units of the Commodity Algo on Hand