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Compute Cost of Goods sold under LIFO

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Question - Blossoms has the following inventory data:

Nov. 1. Inventory 35 units @ $7.10 each

Nov 8 Purchase 142 units @ $7.60 each

Nov 17. Purchase 71 units @ $7.45 each

Nov 25. Purchase106 units @ $7.80 each

A physical count of merchandise inventory on November 30 reveals that there are 118 units on hand. Compute Cost of Goods sold under LIFO?

$1804.

$879.

$916.

$1767.

Reference no: EM132497471

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