The table below displays the purchases that Graphic DesignWorks made from
a manufacturer this year for hats. If Graphic DesignWorks uses LIFO, and it
has 100 hats left in its inventory, what is the value of its current stock?
Month of Number
Purchase of hats
June 50
July
75
August 100
September 75
Price
per hat
$12
$14
$10
$13
O A. $1225
O B. $1300
O c. $1200
O D. $1150
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