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Assuming that a periodic inventory system is used, what is the amount allocated to ending...

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Accounting

Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a LIFO basis?
A) $3,664
B) $3,674
C) $7,696
D) $7,706
Assuming that a periodic inventory system is used, what is the amount allocated to ending inventory on a FIFO basis?
A) $3,644
B) $3,674
C) $7,696
D) $7,706
Use the following to answer questions 7-10:
\table[[Nov.1,Inventory,15 units @ $8.00
image

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