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Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 520 $ 2.33 Apr. 20 Purchase
Inventory records for Dunbar Incorporated revealed the following:
Date | Transaction | Number of Units | Unit Cost | |||||
Apr. | 1 | Beginning inventory | 520 | $ | 2.33 | |||
Apr. | 20 | Purchase | 320 | 2.60 | ||||
Dunbar sold 620 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.)
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$1,445.
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$1,531.
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$1,065.
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$1,472.
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