What is the amount of cost of goods sold assuming the lifo

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Reference no: EM133378690

Question 1: The inventory records for Radford Company reflected the following:

Beginning inventory @ May 1	700 units @ $3.00
First purchase @ May 7	800 units @ $3.20
Second purchase @ May 17	1,000 units @ $3.30
Third purchase @ May 23	600 units @ $3.40
Sales @ May 31	2,400 units @ $4.90

What is the amount of cost of goods sold assuming the LIFO cost flow method?

Reference no: EM133378690

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