Item6

3.5points

Item6

The following information pertains to Julia & Company:

March		1		Beginning inventory = 34 units @ $5.40
March		3		Purchased 15 units @ 3.70
March		9		Sold 26 units @ 8.40

The following information pertains to Julia & Company:

March		1		Beginning inventory = 34 units @ $5.40
March		3		Purchased 15 units @ 3.70
March		9		Sold 26 units @ 8.40

What is the cost of goods sold for Julia & Company assuming it uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)

Multiple Choice

• $115.
• $140.
• $96.
• $112.