Question: Moving to the next question prevents changes to this answer Question 27 The following lots of a Commodity P were available for sale during the

Moving to the next question prevents changes to this answer Question 27 The following lots of a Commodity P were available for sale during the year. Use this information to answer the questions that follow Beginning inventory First purchase 5 units at $61 15 units at $63 10 units at $74 Second purchase Third purchase 10 units at $77 The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year. What is the year-end inventory balance using the LIFO method? Use the information provided in the table to answer this question a $1,250 ob $1,380 c. $1,375 d $1,510 Moving to the next question prevents changes to this answer Lckboard XCOD Moving to the next question prevents changes to this answer Question 27 The following lots of a Commodity were available for sale during the year. Use this information to answer the questions that follow Beginning inventory First purchase 5 units at $61 15 unuts at $63 10 units at $74 Second purchase Third parchase 10 units at $77 The firm uses the periodic system, and there are 20 units of the commodity on hand at the end of the year What is the year-end inventory balance using the LIFO method? Use the information provided in the table to answer this question a $1,250 b. $1,380 $1,375 d 51.510 Moving to the next question prevents changes to this

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