A company had 14 units of inventory at a cost of $18 each on November 1.On November 2,the company purchased 19 units at $19 each.On November 6,the company purchased 15 units at $20 each.On November 8,the company sold 36 units for $63 each.Given this information,determine the cost of the 36 units sold using the LIFO periodic inventory method.
A)$673.
B)$697
C)$720.
D)$772
E)$949.

Question

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The Answer of A company had 14 units of inventory at a cost of $18 each on November 1.On November 2,the company purchased 19 units at $19 each.On November 6,the company purchased 15 units at $20 each.On November 8,the company sold 36 units for $63 each.Given this information,determine the cost of the 36 units sold using the LIFO periodic inventory method.
A)$673.
B)$697
C)$720.
D)$772
E)$949.

A Company Had 14 Units of Inventory at a Cost