Business, 07.04.2020 17:54 asanjog2755
King costume uses a periodic inventory system the company started the month with 8 masks in it begining inventory that cost $10 each. king costume purchased 40 additional masks for $12 each and 5 mask remained unsold. Using the LIFO method, its cost of goods sold for the month is:
a. $434.
b. $440.
c. $24.
d. $428.
Answers: 2
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