The table below displays the purchases that Graphic DesignWorks made from a manufacturer this year for graphic T-shirts. If Graphic DesignWorks uses
LIFO, and it has 150 T-shirts left in its inventory, what is the value of its current
stock?
Number of
T-shirts
Month of
purchase
June
July
August
September
100
150
200
150
Price per
T-shirt
$8
$10
$12
$13
O A. $1300
B. $1950
C. $1900
D. $1200