Test: Exam 4: Jones Company has the following data available: Transaction Beginning Inventory Oct. 1...
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Test: Exam 4: Jones Company has the following data available: Transaction Beginning Inventory Oct. 1 Purchase Oct. 10 Sale Oct. 14 Purchase Oct. 20 Sale Oct. 22 Purchase Oct. 29 Sale Units Purchased Unit Cost Units Sold 850 $30 325 32 400 450 36 590 400 37 525 If Jones Company uses a perpetual LIFO inventory system, the cost of ending inventory on October 31 is A. $14,800 OB. $15,300 OC. $66,900 OD. $18,870
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