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Acer Hardware had inventory on September 2 of 6 units at a cost of $23 each. On September 3, they purchased 11 units at $18
Acer Hardware had inventory on September 2 of 6 units at a cost of $23 each. On September 3, they purchased 11 units at $18 each. On September 8 they purchased 7 units at $31 each. On September 10, 9 units were sold for $64 each. Using the LIFO perpetual inventory method, what was the cost of the sale on September 10?
$253 | ||
$300 | ||
$192 | ||
$361 |
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