Business, 19.12.2021 21:10, Frenchfries13

King Costume uses a periodic inventory system. The company started the month with 8 masks in its beginning inventory that cost $10 each. During the month, King Costume purchased 40 additional masks for $12 each. At the end of the month, King counted its inventory and found that 5 masks remained unsold. Using the LIFO method, its cost of goods sold for the month is: Multiple Choice $510. $516. $50. $500.

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King Costume uses a periodic inventory system. The company started the month with 8 masks in its beg...