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Acme-Jones Corporation uses a LIFO perpetual inventory system. August 2. 42 units were purchased at $20 per unit August 5, 27 units were purchased at

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Acme-Jones Corporation uses a LIFO perpetual inventory system. August 2. 42 units were purchased at $20 per unit August 5, 27 units were purchased at $13 per unit. August 15, 29 units were sold at $59 per unit. August 18, 32 units were purchased at $14 per unit What was the amount of the cost of goods sold? $470.60 $406.00 $478.50 $391.00 $580.00

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