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Bombard Company Has the Following Data Available If Bombard Company Uses a Perpetual LIFO Inventory System, the l

Question 42

Multiple Choice

Bombard Company has the following data available:  Transaction  Units Purchased  Unit Cost  Units Sold  Beginning Inventory 500$10 March 1 Purchase 200$12 April 25 Sale 350 June 10 Purchase 300$14 July 20 Sale 250 October 30 Purchase 350$15 December 15 Sale 400\begin{array} { | l | c | c | c | } \hline \text { Transaction } & \text { Units Purchased } & \text { Unit Cost } & \text { Units Sold } \\\hline \text { Beginning Inventory } & 500 & \$ 10 & \\\hline \text { March 1 Purchase } & 200 & \$ 12 & \\\hline \text { April 25 Sale } & & & 350 \\\hline \text { June 10 Purchase } & 300 & \$ 14 & \\\hline \text { July 20 Sale } & & & 250 \\\hline \text { October 30 Purchase } & 350 & \$ 15 & \\\hline \text { December 15 Sale } & & & 400 \\\hline\end{array}
If Bombard Company uses a perpetual LIFO inventory system, the cost of goods sold for the year is ________.


A) $3,500
B) $5,520
C) $16,850
D) $13,350

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