MAT 106 Business and Finance Basics III and Statistics Question 10 of 20 : Select the best answer for the question. 10. Belle Co. has beginning inventory of 12 sets of paints at a cost of $1.50 each. During the year, the store purchased 7 at $3.00, 8 at $3.25, and 12 at $3.50. By the end of the year, 31 sets were sold. Using the LIFO method, the cost of ending inventory is A. $21.00. B. $12.00. C. $3.50. D. $28.00.
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