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Reese Supermarkets bought and sold cases of cereal as shown below: Year 2020 - Cases of cereal available, bought and sold # of Units Cost
Reese Supermarkets bought and sold cases of cereal as shown below: Year 2020 - Cases of cereal available, bought and sold # of Units Cost per Unit Total Cost Beginning inventory: 3,000 $22 $66,000 1/27/20 Purchase: 2,500 $24 $60,000 4/28/20 Purchase: 2,800 $26 $72,800 Available for sale: 8,300 $198,800 Sold during 2020: 7,500 ??? Ending inventory: 800 ??? Reese's ending Cost of Goods Sold using LIFO is... O A. $195,000 O B. $179,634 C. $178,000 OD. $181,200
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