Question 25
Assume that of the 55 units sold, 5 units were sold on Sept. 5, 30 were sold on Sept. 19, and 20 were sold on Sept. 30. Calculate ENDING INVENTORY (NOT Cost of Goods Sold) under LIFO method, assuming that the PERPETUAL inventory system is used:
I kept getting $148
The closest answer was $147
I absolutely hate accounting
*edit: NVM, the picture did not copy over, you're missing info