Shayla's Design Uses a Periodic Inventory System Cost of Goods Sold Under the LIFO Method Is:
A)$1,219

question 21

Multiple Choice

Shayla's Design uses a periodic inventory system.Shayla sold 33 artist kits during January.Other data for January includes:
$\begin{array}{|r|l|l|}\hline \text { Jan, } 1 & \text { Balance } & \text { 12 kits } @ \$ 30 \\\hline 11 & \text { Purchased } & 20 \text { kits } @ \$ 33 \\\hline 25 & \text { Purchased } & 26 \text { kits } @ \$ 38 \\\hline\end{array}$
Cost of Goods Sold under the LIFO method is:

• A)$1,219.
• B)$1,055.
• C)$950.
• D)$789.

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