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The inventory data for an item for June are: Nov. 1 Inventory 20 units at $20 4 Sold 10 units 10 Purchased 13 units at
The inventory data for an item for June are:
Nov. 1 | Inventory | 20 units at $20 |
4 | Sold | 10 units |
10 | Purchased | 13 units at $24 |
17 | Sold | 20 units |
30 | Purchased | 10 units at $22 |
Using the perpetual system, costing by the last-in, first-out method (LIFO), what is the cost of the merchandise inventory of 13 units on June 30?
$288 |
$270 |
$280 |
$220 |
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