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Use the following inventory table to find the cost of goods sold using the last-in, first-out (LIFO) inventory method. Date of purchase Units purchased Cost
Use the following inventory table to find the cost of goods sold using the last-in, first-out (LIFO) inventory method. Date of purchase Units purchased Cost per unit Retail price per unit Beginning inventory 42 $860 $975 February 5 21 $1,750 $2.115 February 9 17 $945 $1,208 March 3 28 $470 $700 Units sold 77 The cost of goods sold is $ (Type an integer or a decimal.)Use the following inventory table to find the cost of goods sold using the first-in, first-out (FIFO) inventory method. Date of purchase Units purchased Cost per unit Retail price per unit Beginning inventory 44 $840 $965 February 5 21 $1,750 $2, 125 February 9 15 $965 $1,206 March 3 29 $490 $700 Units sold 78 The cost of goods sold is $ (Type an integer or a decimal.)
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