Business
Business, 20.06.2020 16:57, bbenaventbbbb9653

Wildhorse has the following inventory data: July 1 Beginning inventory 32 units at $6.50
5 Purchases 130 units at $7.10
14 Sale 86 units 21 Purchases 65 units at $7.80
30 Sale 60 units
Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for July?
a. $1078.60
b. $559.40
c. $1638.00
d. $812.50

answer
Answers: 1

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Wildhorse has the following inventory data: July 1 Beginning inventory 32 units at $6.50
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