T

CFA Level 1 Exam

3959 Questions

You can start the exam to practice all questions related to this exam.

Question No. 1

Beginning inventory of 50 units, purchased at $5

50 units purchased at $10
35 units purchased at $9
25 units sold at $15
70 units sold at $12
Tax rate = 40%
Beginning LIFO reserve = $300
Given the above, the LIFO reserve at the end of the period is ________.
Choose the correct option from the given list.
01 / 3959

0 Discussions

Trending Exams