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A company 8 units of inventory at a cost of $12 each on November 1. On November 2, the company purchased 13 units at $13
A company 8 units of inventory at a cost of $12 each on November 1. On November 2, the company purchased 13 units at $13 each. On November 6, the company purchased 9 units at $14 each. On November 8, the company sold 24 units for $57 each. Given this information, determine the cost of the 24 units sold using the LIFO periodic inventory method. 1) $307 2) $319 3) $336 4) $415 5) $442
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