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A company has the following: Dec. 1 Dec. 5 Dec. 14 Dec. 21 Dec. 30 O $5,862 O $5,802 Beginning inventory O $5,796 O $5,916
A company has the following: Dec. 1 Dec. 5 Dec. 14 Dec. 21 Dec. 30 O $5,862 O $5,802 Beginning inventory O $5,796 O $5,916 O $5,772 Purchases Sale Purchases Sale 15 units at $60 90 units at $56 60 units Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for December? 45 units at $58 42 units
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