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May 8 Assume Overland.com began May with 8 units of inventory that cost a total of $144. During May, Overland.com purchased and sold goods as
May 8 Assume Overland.com began May with 8 units of inventory that cost a total of $144. During May, Overland.com purchased and sold goods as follows: Purchase 24 units @ $19 14 Sale 20 units @ $38 Purchase 16 units @ $21 27 Sale 24 units @ $38 22 Suppose Overland.com used the LIFO inventory costing method and the periodic inventory system. Using the information above, determine Overland.com's cost of goods sold at the end of the month. A. $864 B. $84 C. D. $852
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