The following information pertains to Julia & Company:   March   1   Beginning inventory = 30 units @ $5.10 March   3   Purchased 15 units @ 3.60 March   9   Sold 26 units @ 8.90    What is the cost of goods sold for Julia & Company assuming it uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)   Multiple Choice   $110.   $94.   $105.   $133.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The following information pertains to Julia & Company:
 

March   1   Beginning inventory = 30 units @ $5.10
March   3   Purchased 15 units @ 3.60
March   9   Sold 26 units @ 8.90

  
What is the cost of goods sold for Julia & Company assuming it uses LIFO? (Do not round your intermediate calculations. Round your answer to the nearest dollar amount.)

 

Multiple Choice
  •  
    $110.
  •  
    $94.
  •  
    $105.
  •  
    $133.
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