题目内容

Toyland's inventory records show the following data at January 31:Beginning inventory Jan. 1 is 250 units at $8 per unitJan. 10 purchase 300 units at $10 per unitJan. 22 purchase 110 units at $11 per unitAt January 31, 210 units are still on hand. What is the value of the ending inventory at January 31 if Toyland uses the FIFO method?

A. $1,680
B. $2,500
C. $2,210
D. $3,000

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Toyland's inventory records show the following data at January 31:Beginning inventory Jan. 1 is 250 units at $8 per unitJan. 10 purchase300 units at $10 per unitJan. 22 purchase110 units at $11 per unitAt January 31, 210 units are still on hand. What is the value of the ending inventory at January 31 if Toyland uses the LIFO method?

A. $1,680
B. $2,500
C. $2,210
D. $3,000

Given the following data, calculate the cost of ending inventory using the FIFO costing method.

A. $720
B. $740
C. $915
D. $545

Given the following data, calculate the cost of ending inventory using the LIFO costing method.

A. $2,069
B. $2,274
C. $2,425
D. $1,940

Given the following data, by how much would taxable income change if FIFO is used rather than LIFO?

A. Decreaseby$19,000
B. Increaseby$20,000
C. Increaseby$19,000
Decreaseby$20,000