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The inventory data for an item for May are: May 1 May 6 May 8 May 16 May 20 Balance Sale Purchase Sale Purchase 25

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The inventory data for an item for May are: May 1 May 6 May 8 May 16 May 20 Balance Sale Purchase Sale Purchase 25 units at 350 20 units 20 units at 351 10 units 20 units at $52 Using the perpetual system, costing by the last-in, first-out method, what is the cost of the merchandise sold? O A. $1.500 O B. $1.505 O C. $1,510 O D. $1.515 QUESTION 27

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