Beginning inventory February 5 February 9 March 3 Units sold 45 25 18 26 80 $840 $1,770 $965 $490 $975 $2,115 $1,206 $600
Beginning inventory February 5 February 9 March 3 Units sold 45 25 18 26 80 $840 $1,770 $965 $490 $975 $2,115 $1,206 $600
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
![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
$840
$975
$1,770
$2,115
$965
$1,206
$490
$600
Beginning inventory
February 5
February 9
March 3
Units sold
The cost of goods sold is $
(Type an integer or a decimal.)
45
25
18
26
80](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fddb1f851-f6bf-441f-adca-4e8a2a47a642%2F21d7309c-2c9f-4ed4-af8e-25511b6a9224%2F3y2l80o_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
$840
$975
$1,770
$2,115
$965
$1,206
$490
$600
Beginning inventory
February 5
February 9
March 3
Units sold
The cost of goods sold is $
(Type an integer or a decimal.)
45
25
18
26
80
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