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Compute the Cost of goods sold under LIFO

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Reference no: EM132741643

Question - Metlocks has the following inventory data:

Nov. 1 Inventory 27 units @ $5.40 each

Nov. 8 Purchase 108 units @ $5.80 each

Nov. 17 Purchase 54 units @ $5.65 each

Nov. 25 Purchase 81 units @ $5.90 each

A physical count of merchandise inventory on November 30 reveals that there are 90 units on hand. Compute the Cost of goods sold under LIFO?

Reference no: EM132741643

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