Solution-What is the cost of goods sold using the lifo

What is the cost of goods sold using the lifo method

Reference no: EM132674355

Problem 1: Sheridan Company sells one product and uses a perpetual inventory system. The beginning inventory consisted of 78 units that cost $19 per unit. During the current month, the company purchased 484 units at $19 each. Sales during the month totaled 363 units for $42 each. What is the cost of goods sold using the LIFO method?

Option 1: $15246.

Option 2: $9196.

Option 3: $6897.

Option 4: $1482.

Reference no: EM132674355

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What is the cost of goods sold using the lifo method

Reference no: EM132674355

Reference no: EM132674355

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