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Vought Industries had the following purchases and sales over the month of January. Date Jan 1 Jan 5 Jan 8 Jan 12 Jan 20 Jan
Vought Industries had the following purchases and sales over the month of January. Date Jan 1 Jan 5 Jan 8 Jan 12 Jan 20 Jan 30 Beg. Inventory Purchase Sale Purchase Sale Purchase Units 120 180 240 160 80 160 Unit Cost $30 $45 $50 $55 Total Cost $3,600 $8,100 $8,000 $8,800 Calculate Vought's Cost of Goods Sold for January under the last-in-first-out (LIFO) method with periodic costing.
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