Business, 02.04.2020 04:18 jo1720

Melbourne Company uses the perpetual inventory method. Melbourne purchased 600 units of inventory that cost $2.75 each. At a later date the company purchased an additional 700 units of inventory that cost $3.25 each. If Melbourne uses a LIFO cost flow method, and sells 900 units of inventory, the amount of ending inventory appearing on the balance sheet will be:

A. $1,200.

B. $1,100.

C. $1,300.

D. $2,825.

Answers: 3

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Melbourne Company uses the perpetual inventory method. Melbourne purchased 600 units of inventory th...