Tatsoi Company's Purchase and Sales Transactions for the Month of May

question 170

Multiple Choice

Tatsoi Company's purchase and sales transactions for the month of May were as follows:

Assuming that the company keeps perpetual inventory records, Tatsoi's cost of goods sold for the month of May on a LIFO basis is

• A) ¥468,000.
• B) ¥1,917,000.
• C) ¥2,385,000.
• D) ¥4,347,000.

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