Portey Company Portey Uses a Perpetual Inventory System and Had the Following

question 65

Multiple Choice

Portey Company
Portey uses a perpetual inventory system and had the following inventory transactions for the month of June.

- Refer to the information provided for Portey. If Portey uses the LIFO inventory costing method, cost of goods sold for the month of June is:

• A) $1,901.00.
• B) $1,932.00.
• C) $2,942.00.
• D) $1,917.00.

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