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A company had inventory on November 1 of 5 units at a cost of $14 each. On November 2, they purchased 15 units at $16
A company had inventory on November 1 of 5 units at a cost of $14 each. On November 2, they purchased 15 units at $16 each. On November 6 they purchased 11 units at $19 each. On November 8, 13 units were sold for $49 each. Using the LIFO perpetual inventory method, what was the value of the inventory on November 8 after the sale? |
$279
$321
$266
$278
$292
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