Stallworth Corp -Refer to the Information Provided in the Figure Stallworth Corp

question 88

Multiple Choice

Stallworth Corp.
Stallworth Corp. uses a periodic inventory system. The following information is available for the month of November:
$$\begin{array} { l l r } \text { Nov. } & 1 \quad \text { On hand, } 50 \text { units at } \$ 15 \text { each } & \$ 750.00 \\5 & \text { Purchased, } 115 \text { units at } \$ 15.10 \text { each } & 1,736.50 \\16 & \text { Purchased, } 75 \text { units at } \$ 15.20 \text { each } & 1,140.00 \\& \text { Total cost of goods available for sale } & \$ 3,626.50 \\30 & \text { On hand, 100 units }\end{array}$$
-Refer to the information provided in the figure Stallworth Corp.If the company uses the LIFO inventory costing method,what will be the cost of goods sold for November?

• A) $1,505.00
• B) $1,517.50
• C) $2,109.00
• D) $2,121.50

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