Question
The following information pertains to Julia & Company: March 1 Beginning inventory = 26 units @ $5.70 March 3 Purchased 21 units @ 4.20 March
The following information pertains to Julia & Company:
March 1 Beginning inventory = 26 units @ $5.70
March 3 Purchased 21 units @ 4.20
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
$118.
$118.
$160.
$128.
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Residential Energy Auditing And Improvement
Authors: Stan Harbuck, Donna Harbuck
1st Edition
8770229252, 978-8770229258
