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Answer:
a.$750
Explanation:
LIFO inventory system means LAST IN FIRST OUT, so leté see what happens during september:
- Sep 1 st=> Stock is 20 units at 20$ => 400$
- Sep 4 th => Inventory decreases in the 10 units sold. Final inventory is (20-10) =10 units at 20$= 10*20= 200$
- Sep 10th => inventory increases in 30 units at 25$ => final inventory is 30u*25$/u+10u*20$/u=950$
- Sep 17th =>with the sale of 20 units the inventory decreases, and since we are using a LIFO system, the 20 units sold are the last purchased , so we sold 20 units with a cost of $25. Final inventory: 10units at $20+ 10 units at $25 = 450$
- Sep 30Th with the purchase of 10 additional units at $30, we have a final inventory of 30 units: 10 units at $20+ 10 units at $25 + 10 units at $30= TOTAL FINAL INVENTORY= $200+$250+$300 => $750
Hey there,
The answer is <span>detective.
Hope this helps :))
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Answer:
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