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Question - Inventory Analysis are using the LIFO method.

The wake trading company discloses the following information for the month of October 2018.

Dec. 01: Beginning inventory 500 units @ $14 each.

Dec. 07: Purchased 2,500 units @ $14.50 each.

Dec. 10: Sold 1,500 units @ $20.00 each.

Dec. 15: Sold 1,300 units @ $20.50 each.

Dec. 20: Customer returned 500 units from Dec.10 sale (returns are in inventory)

Dec. 24: Purchased 2,000 @ $14.00 each.

Dec 27: Sold 2,500 units @ $19.00 each.

Calculate total revenue.

Reference no: EM132504821

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