Business, 26.02.2020 01:00, neariah24

Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019: Date Activity Quantity Unit Price 5/1 Beginning Inventory 100 $10 5/5 Purchase 200 $12 5/15 Purchase 250 $14 5/25 Purchase 250 $16 Sales were 530 units at $20. Using the LIFO method, determine the dollar value of Cost of Goods Sold for the month of May.

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Easton Company uses the periodic inventory system and had the following inventory & sales activi...