Eastview Company Uses a Perpetual LIFO Inventory System,and Has the Following

question 42

Multiple Choice

Eastview Company uses a perpetual LIFO inventory system,and has the following purchases and sales:
$$\begin{array} { | l | l | } \hline \text { January 1 } & 150 \text { units were purchased at \$9 per unit. } \\\hline \text { January } 17 & 120 \text { units were sold. } \\\hline \text { January 20 } & 160 \text { units were purchased at \$11 per unit. } \\\hline \text { January 29 } & 150 \text { units were sold. } \\\hline\end{array}$$
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What is the value of cost of goods sold?

• A) $2,730.
• B) $2,750.
• C) $2,670.
• D) $440.
• E) $380.

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