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    epallares Posts: 2, Reputation: 1
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    #1

    Dec 8, 2010, 03:44 PM
    Periodic LIFO cost of goods sold problem
    XX Company uses periodic LIFO system. It began the month of March with 70 units in inventory, each with a cost of $3.00. It sold 50 units on March 6 for $6.50 each. It purchased 60 more on march 21 for $3.10 each. It sold 70 units on March 27 for $6.60 each. It purchased 20 more for $3.15 on March 30. Which I the correct cost of goods sold for XX company to report for the month?
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    Dec 8, 2010, 06:40 PM

    Please read this announcement.

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    Dec 8, 2010, 07:19 PM
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    Dec 8, 2010, 08:23 PM

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