Question: 21-22 Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past four years is as follows: What is the 2011

21-22

Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past four years is as follows: What is the 2011 inventory balance using dollar-value LIFO? $135,000. $128, 500. $122, 750. $125, 750. The following information is available for nab Company for 2010: Freight-in $30,000 Purchase returns 75,000 Selling expenses 150,000 Ending inventory 260,000 The cost of goods is equal sold is equal to 400% of selling expenses. What is the cost of goods available for sale? $600,000. $890,000. $815,000. $860,000

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