Question: need answer quick no explination Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. The

need answer quick no explination

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. The cost of the ending inventory is: Multiple Choice $499 $499 $405 $256 $311 $345

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

please answer clearly! thank you Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. The cost of the ending inventory is:...

PLEASE ANSWER CLEARLY THANKS :)9 Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. The cost of the ending inventory is:...

PLEASE ANSWER CLEARLY THANKS :)10 Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. The cost of the ending inventory is:...

Herr Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. Date June 1 June 15 June 29 Activities Beginning inventory Sale...

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual Inventory method. 18 units at $20 June 1 Beginning inventory June 15 15 Sale of 10 units for...

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. The cost of the ending inventory is: Given the following information,...

higlight correct answer QUESTION 1. A company purchased $8900 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $445 of that merchandise. On June 24, it paid the balance...

2. Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. June 1 Beginning inventory 14 units at $20 each June 15 Sale of 6 units...

14) 14) Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. 46 units at $20 each June 1 Beginning inventory June 15 Sale of 38...

Given the following information, determine the cost of the inventory at June 30 using the LIFO perpetual inventory method. 30 units at $20 each June 1 June 15 June 29 Beginning inventory Sale of 22...

Suppose that two fair dice are tossed and the random variable observedsay, xis the sum of the two up faces. Describe the sample space of this experiment, and determine the probability distribution of...

The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $452,400. The conversion cost for the period in the Rolling Department is $316,800. The total...

34. Is it reasonable to expect that all new businesses will have a net income from the first months operations? From the first years operations?

The first scenario will be a Verbal Judo scenario in which your scenario follows the standard Verbal Judo interaction: You need to ask somebody to modify their behavior either to do something or to...

Take a ten-minute walk through the halls of your school. Look for posters or other items that fall into the category of positive/neutral news. Prepare a table that shows each document type, its...

Obtain and examine the letterhead stationery and envelopes used at your school or at another organization your instructor selects, and then answer the following questions: (Objectives 1, 4, and 6) a....

Which of the following paragraphs would be more appropriate for the sales appeal of a request approval? Explain why. (Objective 3) Mr.Williams, I want to invite you to our annual sale.We have many...