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25 units at $50 The inventory data for an item for May are: May 1 May 6 May 8 May 16 May 20 Balance Sale

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25 units at $50 The inventory data for an item for May are: May 1 May 6 May 8 May 16 May 20 Balance Sale Purchase Sale Purchase 20 units 20 units at $51 10 units 20 units at $52 Using the perpetual system, costing by the last-in, first-out method, what is the cost of the merchandise sold? A. $1,500 B. $1,505 C. $1,510 D. $1,515

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