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How much will b-b report as ending inventory at october

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Reference no: EM132691948

B&B maintains its inventory using the perpetual inventory method. The inventory records for October follow:

Beginning inventory  40 units @ $10.10 each

October 13 purchase 60 units @ $10.60 each

October 26 sale         75 units @ $18 each

Problem 1: Using the LIFO inventory-costing method, how much will B&B report as ending inventory at October 30?

A. $252.50
B. $272.50
C. $787.50
D. $592.50

Reference no: EM132691948

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