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What is the amount of cost of goods sold

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Question - Company uses A periodic inventory system.

Beginning inventory consisted of 360 units that cost $65 each.

During the month of February, the company made two purchases on February 15, they bought 540 units at $68 each and on February 25, they bought 270 units at $70 each.

Company A also sold 900 units during the month

1. Using LIFO, what is the amount of ending inventory?

2. Using LIFO, what is the amount of cost of goods sold?

 

Reference no: EM131871778

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