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Use the following digital camera purchase and sales information from Jaroms Jiffy Electronics to answer the following question # of Units Unit Cost (or Sales
Use the following digital camera purchase and sales information from Jaroms Jiffy Electronics to answer the following question
# of Units | Unit Cost (or Sales Price) | |
Beginning Camera Inv. | 150 | 9 |
1/10 Purchase | 80 | 8 |
1/12 Purchase | 100 | 6 |
1/15 Sale | 120 | 50 |
1/20 Purchase | 20 | 9 |
1/21 Sale | 60 | 50 |
If Jarom's uses the LIFO perpetual inventory system, what was the amount for COGS for the 1/21 Sale?
(Enter your answer as a positive number)
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