Melbourne Company uses the perpetual inventory system and LIFO cost flow method. Melbourne purchased 1,800 units of inventory that cost $11.75 each. At a later date, the company purchased an additional 1,900 units of inventory that cost $12.25 each. If the company sells 2,100 units of inventory, what amount of ending inventory will appear on a balance sheet prepared immediately after the sale? Multiple Choice

A$19,200

B$19,600

C$18,800

D$25,625

Answer rating: 100% (QA)

Answer 18800 LIFO states the most recent goods purchased are the first ... View the full answer