Strods Company Reported the Following Purchases and Sales for Its

question 192

Multiple Choice

Strods Company reported the following purchases and sales for its only product.Strods uses a perpetual inventory system.Determine the cost assigned to cost of goods sold using LIFO.

• A)$2,860
• B)$2,460
• C)$2,590
• D)$2,850
• E)$2,980