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Beginning Inventory and Purchases Purchased Units Unit Cost Total Cost Beginning Inventory 2 0 0 $ 2 . 5 0 $ 5 0 0 April

Beginning Inventory and Purchases

Purchased Units Unit Cost Total Cost

Beginning Inventory 200 $2.50 $500

April 100 $3.00 $300

May 300 $2.00 $600

June 200 $1.50 $300

Units Available for Sale 800  $1,700

Ending Inventory

Units on Hand 100 Cost of Units on Hand $

Units Sold in July 700 Cost of Goods Sold $

Using the LIFO method and the inventory list below, which of the following is the Cost of Goods Sold during July?

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