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Use the following digital camera purchase and sales information # of Units Unit Cost (or Sales Price) Beginning Camera Inv. 150 5 1/10 Purchase 80
Use the following digital camera purchase and sales information
# of Units | Unit Cost (or Sales Price) | |
Beginning Camera Inv. | 150 | 5 |
1/10 Purchase | 80 | 4 |
1/12 Purchase | 100 | 1 |
1/15 Sale | 120 | 100 |
1/20 Purchase | 20 | 1 |
1/21 Sale | 40 | 100 |
If used LIFO perpetual inventory system, what was the amount for COGS for the 1/21 Sale?
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