Strods Company reported the following purchases and sales for its only product.Strods uses a perpetual inventory system.Determine the cost assigned to cost of goods sold using LIFO.
A)$2,860
B)$2,460
C)$2,590
D)$2,850
E)$2,980

Question

Strods Company reported the following purchases and sales for its only product.Strods uses a perpetual inventory system.Determine the cost assigned to cost of goods sold using LIFO. 
A)$2,860 
B)$2,460 
C)$2,590 
D)$2,850 
E)$2,980

Quizplus · Accepted Answer

The Answer of Strods Company reported the following purchases and sales for its only product.Strods uses a perpetual inventory system.Determine the cost assigned to cost of goods sold using LIFO. 
A)$2,860 
B)$2,460 
C)$2,590 
D)$2,850 
E)$2,980

Strods Company Reported the Following Purchases and Sales for Its