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Inventory records for ABC Company revealed the following: 31 Date Transaction Apr. 1 Beginning inventory Apr.20 Purchase Number of Units 520 370 Unit Cost $2.35
Inventory records for ABC Company revealed the following: 31 Date Transaction Apr. 1 Beginning inventory Apr.20 Purchase Number of Units 520 370 Unit Cost $2.35 2.60 8 01:21:51 ABC sold 670 units of inventory during the month. Cost of goods sold assuming LIFO would be: (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $1.574 O O $1,612. $1.315 O o $1,667
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