How much was the firm COGS for May and June

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Question - A firm uses LIFO and had the following inventory transactions:

May 1 Purchased 20 pens @ $2.00 each

May 31 Purchased 25 pens @ $2.25 each

June 15 Purchased 30 pens @ $2.45 each

June 27 Sold 27 pens @ $3.00 each

June 30 Sold 17 pens @ $3.00 each

Required - How much was the firm's COGS for May 1- June 30?

Reference no: EM133173803

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