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The following information pertains to Julia & Company: March 1 Beginning inventory = 31 units @ $5.90 March 3 Purchased 12 units @ 3.70 March

The following information pertains to Julia & Company: March 1 Beginning inventory = 31 units @ $5.90 March 3 Purchased 12 units @ 3.70 March 9 Sold 19 units @ 8.40 What is the cost of goods sold for Julia & Company assuming it uses LIFO?

Multiple Choice

  • $86.

  • $82.

  • $70.

  • $112.

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