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(Please show work) Use the following data of Draker Company: Unit Total Units Cost Cost Beginning inventory 14 $120 $1,680 Purchase on July 3 41
(Please show work)
Use the following data of Draker Company:
|
| Unit | Total |
| Units | Cost | Cost |
Beginning inventory | 14 | $120 | $1,680 |
Purchase on July 3 | 41 | 130 | 5,330 |
Sales | 50 | ? | ? |
Draker's cost of goods sold using the LIFO method would be:
$6,410
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