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Inventory records for Dunbar Incorporated revealed the following:

Date Transaction Number
of Units Unit
Cost
Apr. 1 Beginning inventory 530 $2.37
Apr. 20 Purchase 310 2.50

Dunbar sold 640 units of inventory during the month. Cost of goods sold assuming LIFO would be

Respuesta :

Answer:

Cost of goods sold assuming LIFO would be $474

Explanation:

Date Q U.cost Cost Sold Inventory Cost

april 1 530 2,37       1256,1 330          200 474

apri 20 310 2,5           775 310               0  0

                           640