A company had inventory of 14 units at a cost of $18 each on November 1. On November 2, they purchased 19 units at $19 each. On November 6, they purchased 15 units at $20 each. On November 8, they sold 36 units for $63 each. Using the LIFO periodic inventory method, what was the cost of the 36 units sold?

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The Answer of A company had inventory of 14 units at a cost of $18 each on November 1. On November 2, they purchased 19 units at $19 each. On November 6, they purchased 15 units at $20 each. On November 8, they sold 36 units for $63 each. Using the LIFO periodic inventory method, what was the cost of the 36 units sold?

A Company Had Inventory of 14 Units at a Cost