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Nash's,LLCs has the following inventory data:
Nov. 1 Inventory 22 units @ $4.40each
Nov 8 Purchase 89 units @ $4.75 each
Nov 17 Purchase 44units @ $4.65 each
Nov 25 Purchase 67 units @ $4.90 each
Problem 1: A physical count of merchandise inventory on November 30 reveals that there are 74 units on hand. Cost of goods sold under LIFO is
A. $361.
B. $709.
C. $692.
D. $344.
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