Business
Business, 15.04.2020 02:53, lalllda

RF Company had January 1 inventory of $300,000 when it adopted dollar-value LIFO. During the year, purchases were $1,800,000 and sales were $3,000,000. December 31 inventory at year-end prices was $430,080, and the price index was 112. What was RF Company's ending inventory?
a. $300,000.
b. $384,000.
c. $394,080.
d. $430,080.

answer
Answers: 3

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RF Company had January 1 inventory of $300,000 when it adopted dollar-value LIFO. During the year, p...

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