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Kingbirds has the following inventory data: Nov. 1 Inventory 34 units @ $6.80 each 8 Purchase 137 units @ $7.35 each 17 Purchase 68 units
Kingbirds has the following inventory data: Nov. 1 Inventory 34 units @ $6.80 each 8 Purchase 137 units @ $7.35 each 17 Purchase 68 units @ $7.20 each 25 Purchase 103 units @ $7.50 each A physical count of merchandise inventory on November 30 reveals that there are 114 units on hand. Cost of goods sold under LIFO is $819. $1681. $1649. $852?
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