Cruiser Video was involved in the following transactions during August concernin

Question

Cruiser Video was involved in the following transactions during August concerning DVD players:August 1Beginning inventory 10 @ $60,August 10Purchased 5 @ $64,August 15Sold 12 for $80 per unit,August 28Purchased 5 @ $66,Calculate the ending inventory of DVDs for Cruiser Video in August assuming the use of the LIFO method under a periodic inventory system. Answer $528 $522 $500 $480 Cruiser Video was involved in the following transactions during August concerning DVD players:August 1Beginning inventory 10 @ $60,August 10Purchased 5 @ $64,August 15Sold 12 for $80 per unit,August 28Purchased 5 @ $66,Calculate the ending inventory of DVDs for Cruiser Video in August assuming the use of the LIFO method under a periodic inventory system. Cruiser Video was involved in the following transactions during August concerning DVD players:August 1Beginning inventory 10 @ $60,August 10Purchased 5 @ $64,August 15Sold 12 for $80 per unit,August 28Purchased 5 @ $66,Calculate the ending inventory of DVDs for Cruiser Video in August assuming the use of the LIFO method under a periodic inventory system. $528 $522 $500 $480 $528 $522 $500 $480

Explanation / Answer

its option B

ie $522

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