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The Lady in Red Corp. reported the following information for the month of September 2015: Date Units Price Amount September 1, 2015 Inventory 100 $30

The Lady in Red Corp. reported the following information for the month of September 2015:

Date

Units

Price

Amount

September 1, 2015 Inventory

100

$30

$3,000

September 9, 2015 purchase

50

$32

1,600

September 18, 2015 purchase

100

$33

3,300

September 27, 2015 purchase

50

$34

1,700

Total

300

$9,600

During September, Lady in Red Corp. sold 150 units. The company uses the periodic inventory system. Using the last-in, first-out (LIFO) method of inventory accounting, compute the cost of goods sold.

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