Solution-Determine the dollar value of Cost of Goods Sold

Determine the dollar value of Cost of Goods Sold for the May

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Question - Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:

Date	Activity	Quantity	Unit Price
5/1	Beginning Inventory	150	$10
5/5	Purchase	225	$12
5/15	Purchase	230	$14
5/25	Purchase	225	$16

Sales were 560 units at $20. Using the LIFO method, determine the dollar value of Cost of Goods Sold for the month of May.

Reference no: EM132567091

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Determine the dollar value of Cost of Goods Sold for the May

Reference no: EM132567091

Reference no: EM132567091

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