Tamarisk has the following inventory data:
July 1 Beginning inventory 31 units at $6.20
5 Pur...
Business, 24.06.2021 19:50 Adriingashley3521
Tamarisk has the following inventory data:
July 1 Beginning inventory 31 units at $6.20
5 Purchases 125 units at $6.90
14 Sale 83 units
21 Purchases 62 units at $7.50
30 Sale 58 units
Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July?
a. $1007.70
b. $744.00
c. $1519.70
d. $512.00
Answers: 1
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