Solution-What is the Cost of Goods Sold for the month of

What is the Cost of Goods Sold for the month of January

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Reference no: EM133094361

Question - Excalibur Company uses the perpetual inventory method. Excalibur Company has the following data available for the month of? January:

Date	Transaction	Units	Unit Cost
Jan. 1	Beginning inventory	250	?$1.01
Jan. 9	Purchase	350	?$1.11
Jan. 10	Sale	450
Jan. 15	Purchase	450	?$1.17
Jan. 18	Sale	350
Jan. 24	Purchase	150	?$1.27

Required - What is the Cost of Goods Sold for the month of January using LIFO?

A. $899.00

B. $459.00

C. $939.00

D. $884.00

Reference no: EM133094361

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What is the Cost of Goods Sold for the month of January

Reference no: EM133094361

Reference no: EM133094361

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