Question
November 1, Beginning inventory: 20 units @ $40. November 5, Purchases: 60 units @ $42. November14, Sales: 50 units @ $80. November 23, Purchases 40
November 1, Beginning inventory: 20 units @ $40.
November 5, Purchases: 60 units @ $42.
November14, Sales: 50 units @ $80.
November 23, Purchases 40 units @ $46.
November 30, Sales: 28 units @ $85.
What is cost of goods sold on a periodic LIFO basis?
A. $1,724.
B. $1,772.
C. $1,884.
D. $3,236.
E. $3,436
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CIA Part 1 Essentials Of Internal Auditing 2022
Authors: MUHAMMAD ZAIN
1st Edition
B09PHFC28N, 979-8794951356
