Eastview Company Uses a Periodic LIFO Inventory System, and Has

question 224

Multiple Choice

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

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