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Determine what is cost of goods sold for julia and company

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Reference no: EM132680392

The following information pertains to Julia & Company:

March 1 Beginning inventory = 34 units @ $5.90

March 3 Purchased 15 units @ 3.70

March 9 Sold 23 units @ 8.20

Problem 1: What is the cost of goods sold for Julia & Company assuming it uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)

Multiple Choice

A: $85.
B:$100.
C: $136.
D: $103.

Reference no: EM132680392

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