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Inventory records for ABC Company revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 460 $ 2.39 Apr. 20 Purchase
Inventory records for ABC Company revealed the following:
Date | Transaction | Number of Units | Unit Cost | |||||
Apr. | 1 | Beginning inventory | 460 | $ | 2.39 | |||
Apr. | 20 | Purchase | 330 | 2.55 | ||||
ABC sold 600 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
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$1,176.
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$1,487.
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$1,434.
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$1,456.
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