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Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 4.38 Purchases Jan 12 600 $ 5.69 Jan

Smith Retail has the following purchases and sales for the period. Quantity Price Beginning inventory 500 $ 4.38 Purchases Jan 12 600 $ 5.69 Jan 26 160 $ 6.32 Sales Jan 18 370 $ 16.00 Jan 30 250 $ 16.00 What is the Cost of Goods Sold for the period using perpetual LIFO method?

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