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Assume Store.com began March with 16 units of inventory that cost a total of $304. During March, Store.com purchased and sold goods as follows: Mar.
Assume Store.com began March with 16 units of inventory that cost a total of $304. During March, Store.com purchased and sold goods as follows: Mar. 8 14 22 27 Purchase 48 units $20 Sale 40 units @ $40 Purchase 32 units @ $22 Sale 48 units @ $40 Suppose Store.com used the LIFO inventory costing method and the periodic inventory system. Using the information above, determine Store.com's cost of goods sold at the end of the month. A. $1,792 B. $1,816 C. $152 D. $176
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