A company's inventory records report the following in November of the current year: On November 8,it sold 18 units for $54 each.Using the LIFO perpetual inventory method,what was the amount recorded in the cost of goods sold account for the 18 units sold?
A)$395
B)$410
C)$450
D)$510
E)$520

Question

A company's inventory records report the following in November of the current year:  On November 8,it sold 18 units for $54 each.Using the LIFO perpetual inventory method,what was the amount recorded in the cost of goods sold account for the 18 units sold?
A)$395 
B)$410 
C)$450 
D)$510 
E)$520

Quizplus · Accepted Answer

The Answer of A company's inventory records report the following in November of the current year:  On November 8,it sold 18 units for $54 each.Using the LIFO perpetual inventory method,what was the amount recorded in the cost of goods sold account for the 18 units sold?
A)$395 
B)$410 
C)$450 
D)$510 
E)$520

A Company's Inventory Records Report the Following in November of the Current