Calculate the cost of goods sold for the june

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Question - Go Griz Company has a perpetual inventory system and uses the LIFO method of inventory costing. Go Griz reported the following events during the month of June:



Number of Units Bought


Date

Event

Sold

Unit Price

June 1

Beginning Inv.

100

$10


3

Purchase

75

11


5

Sale

50



10

Purchase

140

12


16

Sale

65



21

Sale

90



25

Purchase

175

14


30

Sale

120



Required - The cost of goods sold for the June 21st sale is:

Reference no: EM131717446

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