Q) 17

Use the information below to answer the following questions. The Beamer Company sells bedrolls for $60 each. The following was taken from the inventory records during May. The company had no beginning inventory on May 1. Date Bedrolls Units Cost Purchase 10 $20 May 3 10 Sale Purchase Sale Sale Purchase Assuming that the company uses the perpetual inventory system, determine the cost of goods sold for all sales for the month of May using the LIFO inventory cost method. a. $300 b. 5280 c. $315 d. 5290