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What is the Cost of goods sold under LIFO

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Reference no: EM133032648

Question - Coronados has the following inventory data:

Nov. 1 Inventory 28 Units @ $5.60 each

Nov. 8 Purchase 113 units @ $6.05 each

Nov. 17 Purchase 56 units @ $5.90 each

Nov. 25 Purchase 85 units @ $6.20 each

Required - A physical count of merchandise inventory on November 30 reveals that there are 94 units on hand. What is the Cost of goods sold under LIFO?

Reference no: EM133032648

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