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Fluffy Pillow Co. has June 1 beginning inventory of 65 units costing $13 each and has an inventory purchase on June 14 of 90 units
Fluffy Pillow Co. has June 1 beginning inventory of 65 units costing $13 each and has an inventory purchase on June 14 of 90 units costing $14 each. If the company sells 50 units at $22 each on June 11 and sells 85 units at $24 each on June 28, how much is the gross profit in June assuming the perpetual LIFO cost flow assumption?
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