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Question 8 (4 points) Lawrence Co. sells video games. Inventory is maintained using a perpetual LIFO system. The following information was recorded for inventory in
Question 8 (4 points) Lawrence Co. sells video games. Inventory is maintained using a perpetual LIFO system. The following information was recorded for inventory in June. UNITS COST PER UNIT TOTALS 150 $12 $1,800 DATE Beginning inventory (6/1) 6/5 6/12 6/24 TOTALS 180 230 120 $14 $15 $16 $2,520 $3,450 $1,920 $9,690 680 UNITS During June, the following sales occurred: 6/6 Sold 280 units 6/15 Sold 150 units 6/29 Sold 140 units What is the dollar amount for Cost of Goods Sold? AJ
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