The value of its current stock is $3600 if the graphic design works use LIFO, and it has 400 T-shirts left in its inventory option (A) is correct.
What is LIFO?
Last in, first-out (LIFO) is an inventory valuation approach based on the principle that the first asset sold is the most recent asset received.
We have data shown in the table:
Total number of T-shirts = 200+300+400+300 = 1200
As there are only 400 T-shirts left it means,
So (1200-400)800 T-shirts sold out according to LIFO last month T-shirt sold out.
200 T-shirts left in the June stock
Out of 300, there are 200 T-shirts left in the month of July.
Cost for 200 T-shirts = 200×8 = $1600
Cost for 200 T-shirts = 200×10 = $2000
Total cost = 1600+2000
= $3600
Thus, the value of its current stock is $3600 if the graphic design works use LIFO, and it has 400 T-shirts left in its inventory.
Learn more about the LIFO here:
https://brainly.com/question/17236535
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