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
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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 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
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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