Question
The following information pertains to Julia & Company: March 1 Beginning inventory = 28 units @ $5.90 March 3 Purchased 22 units @ 3.80 March
The following information pertains to Julia & Company:
March 1 Beginning inventory = 28 units @ $5.90
March 3 Purchased 22 units @ 3.80
March 9 Sold 33 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.)
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A One Year Accounting Course
Authors: Trevor Gambling
21st Edition
0080130275, 9780080130279
