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Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning inventory 500 $2.40 Apr. 20 Purchase 400
Inventory records for Dunbar Incorporated revealed the following:
Date | Transaction | Number of Units | Unit Cost |
Apr. 1 | Beginning inventory | 500 | $2.40 |
Apr. 20 | Purchase | 400 | 2.50 |
Dunbar sold 700 units of inventory during the month. Cost of goods sold assuming LIFO would be:
A) $1,710.
B) $1,730.
C) $1,720.
D) $1,700.
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