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What will be the dollar value of cost of goods sold

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Question - Eaton uses the periodic inventory system and had the following inventory and sales activity for the month of May 2019:

Date Activity Quantity Unit Price

5/1 Beginning Inventory 150 $10

5/5 Purchase 225 $12

5/15 Purchase 200 $14

5/25 Purchase 200 $16

Sales were 580 units at $20. Using the LIFO method, what will be the dollar value of Cost of Goods Sold for the month of May?

Reference no: EM132435973

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