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Inventory records for Capetown, Incorporated revealed the following: Date Transaction Number of Units Unit Cost April 1 Beginning Inventory 470 $ 2.31 April 20 Purchase

Inventory records for Capetown, Incorporated revealed the following:

Date Transaction Number of Units Unit Cost
April 1 Beginning Inventory 470 $ 2.31
April 20 Purchase 350 2.58

Capetown sold 640 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

  • $1,478.

  • $1,296.

  • $1,524.

  • $1,573.

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