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Question(s) / Instruction(s):

Acme-Jones Corporation uses a LIFO perpetual inventory system.

August 2, 25 units were purchased at $12 per unit.

August 5, 10 units were purchased at $13 per unit.

August 15, 12 units were sold at $25 per unit.

August 18, 15 units were purchased at $14 per unit.

What was the amount of the ending inventory for the month of August?

A.            $496.00

B.            $486.00

C.            $492.57

D.            $300.00

E.            $510.00

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