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17 2.5 pts The following information was available from the inventory records of Lily Co. for January: Balance at January 1 Units Unit Cost Total
17 2.5 pts The following information was available from the inventory records of Lily Co. for January: Balance at January 1 Units Unit Cost Total Cost 30 $10 $300 Purchases: January 6 40 14 560 January 26 50 18 900 Sales: January 7 January 31 (20) (30) If Lily maintains perpetual inventory records, what should be the total COGS during January 31, using the LIFO inventory method? $940 $920 $840 $820
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