FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:9.
Sylvia's Designs Co. had the following inventory activity during April:
Unit
Units
100
Cost
$10
Beginning inventory
Purchase (April 3)
Sale (April 10)
Purchase (April 18)
Purchase (April 23)
Sale (April 28)
50
12
80
40
14
60
15
120
Assuming Sylvia's uses a periodic LIFO cost flow assumption, ending inventory for April would be
a. $2,560
b. $ 750
c. $2,310
d. $ 500
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