View Policies

Current Attempt in Progress

Bonita Co$.$ has the following data related to an item of inventory:

Inventory, March $1$

$410$ units

@ $$2\mathrm{.}30$

Purchase, March $7$

$1440$ units

@ $$2\mathrm{.}40$

Purchase, March $16$

$290$ units

@ $$2\mathrm{.}45$

Inventory, March $31$

$520$ units

The value assigned to ending inventory if Bonita uses a LIFO periodic inventory system is

$$ $$1196.$

$$1207.$

$$1264.$

$$1272.$