Mountain made started the month with 3 quilts in its beginning inventory that cost $200 each. during the month, mountain made purchased 20 additional quilts for $210 each. at the end of the month, mountain made counted its inventory and found that 5 quilts remained unsold. if mountain made uses lifo periodic, its cost of goods sold for the month is

The Cost of Goods Sold for the month is $3780.

Explanation:

closing inventory = 5 units

opening inventory = 3 units

purchases during the month = 20 units

units sold during the month = opening inventory + purchases during the month - closing inventory

                                               = 3 + 20 - 5

                                               = 18 units

cost of goods sold = 18*$210

                                = $3780

Therefore, The Cost of Goods Sold for the month is $3780.