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Find cost of goods sold under lifo is

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Reference no: EM132646048

Skysongs has the following inventory data:

Nov. 1 Inventory 25 units @ $4.90 each

8 Purchase 98 units @ $5.30 each

17 Purchase 49 units @ $5.15 each

25 Purchase 74 units @ $5.40 each

Problem 1: A physical count of merchandise inventory on November 30 reveals that there are 82 units on hand. Cost of goods sold under LIFO is

a. $869.

b. $441.

c. $853.

d. $425.

Reference no: EM132646048

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