Solution-What would the company inventory amount

What would the company inventory amount

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Question - Williams Company had the following balances and transactions during 2013.

Beginning inventory	10 units at $70
June 10	Purchased 20 units at $80
December 30	Sold 15 units
December 31	Replacement cost $78

What would the company's inventory amount be on the December 31, 2013 balance sheet if the perpetual LIFO method is used? (Answers are rounded to the nearest dollar.)

A) $1,050

B) $1,100

C) $900

D) $1,200

Reference no: EM132429301

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What would the company inventory amount

Reference no: EM132429301

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