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Calculate the company''s cost of goods sold for fiscal

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Question - Fischer Inc. had the following inventory in fiscal 2013. The company uses the LIFO method of accounting for inventory.

Beginning Inventory, January 1, 2013: 130 units @ $10.00

Purchase 200 units @ $12.00

Purchase 50 units @ $9.00

Purchase 110 units @ $10.50

Ending Inventory, December 31, 2013: 120 units

Required - Calculate the company's cost of goods sold for fiscal 2013.

Reference no: EM131714875

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