During July, the following purchases and sales were made by James Company. There was no beginning inventory. James Company uses a perpetual inventory system. 
Under the LIFO method, the cost of goods sold for each sale is:
July 13 July 22
Definitions:
Niche Market
A focused, targeted market segment that is addressed by a company's products or services.
Bridal Gown
A dress worn by a bride during her wedding ceremony, characterized by its style, color, and significance, often reflecting cultural and personal preferences.
Product Line
A group of related products marketed by a company under a single brand, catering to a particular market segment.
M-form Design
An organizational structure characterized by a decentralized decision-making process, divided into semi-autonomous divisions each responsible for its own profit and loss.
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