Question
The following information pertains to Julia & Company: March 1 Beginning inventory = 28 units @ $5.70 March 3 Purchased 17 units @ 4.10 March
The following information pertains to Julia & Company: March 1 Beginning inventory = 28 units @ $5.70 March 3 Purchased 17 units @ 4.10 March 9 Sold 28 units @ 8.60
What is the cost of goods sold for Julia & Company assuming it uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)
Multiple Choice $132. $121. $160. $115.
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College Accounting, Chapters 1- 15
Authors: James A. Heintz, Robert W. Parry
23rd Edition
0357391942, 9780357391945
