A company purchased 100 units for $20 each on 31 January. It purchased 100 units for $30 on 28 February. It sold 150 units for $45 each from 1 March through to 31 December. If the company uses the Last- In, First- Out inventory costing method, what is the amount of Cost of sales on the 31 December income statement?

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The Answer of A company purchased 100 units for $20 each on 31 January. It purchased 100 units for $30 on 28 February. It sold 150 units for $45 each from 1 March through to 31 December. If the company uses the Last- In, First- Out inventory costing method, what is the amount of Cost of sales on the 31 December income statement?

A Company Purchased 100 Units for $20 Each on 31