A Company Had 14 Units of Inventory at a Cost

question 11

Multiple Choice

A company had 14 units of inventory at a cost of $18 each on November 1.On November 2,the company purchased 19 units at $19 each.On November 6,the company purchased 15 units at $20 each.On November 8,the company sold 36 units for $63 each.Given this information,determine the cost of the 36 units sold using the LIFO periodic inventory method.

• A)$673.
• B)$697
• C)$720.
• D)$772
• E)$949.

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