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What should be the cost of goods sold in the first quarter

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Question - Beeson Co. has the following information regarding its dishwasher inventory in the first quarter of 2013: Beginning inventory on 1/1/2013 45 units each costed $500 Sale on 1/19/2013 40 units each sold for $800 Purchase on 2/15/2013 30 units each costed $550 Purchase on 3/11/2013 20 units each costed $600 Sale on 3/31/2013 35 units each sold for $800

What should be the cost of goods sold in the first quarter if Beeson uses perpetual inventory system and LIFO?

Reference no: EM133168093

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