Question

odk Tibro sells books its inventory records for "BOOKS • am a nan prontity Price to toad • beginning in entom 110 books $6 = $660 • July 7 purshace 130 books $7 = $910 • duly 11 sale 220 books N/A July in purshace 126 books $6.50 = $819 jully 23 sale a4 books NA july 28 purshace 34 books 187.50 8225 • PERIODIC LIFO cost of goods A) 2,061 sold is! • B) 2.075 C 2,051 D) 2,128

Answer 1

Basic data Unit cost Total cost Units Date 01-Jul 660 110 6 07-Jul 130 910 17-Jul 126 6.5 819 255 28-Jul 34 7.5 2644 Total 400 Cost of goods sold Sno units sold as per LIFO Unit cost Total cost 34 1 7.5 255 126 2 6.5 819 130 7 910 24 6 144 314 Total 2128 Option: D