A company's inventory records report the following in November of the current year: On November 8,it sold 12 units for $54 each.
-Using the LIFO perpetual inventory method,what was the amount recorded in the cost of goods sold account for the 12 units sold?
A)$254
B)$260
C)$282
D)$188
E)$210

Question

A company's inventory records report the following in November of the current year:  On November 8,it sold 12 units for $54 each.
-Using the LIFO perpetual inventory method,what was the amount recorded in the cost of goods sold account for the 12 units sold?
A)$254 
B)$260 
C)$282 
D)$188 
E)$210

Quizplus · Accepted Answer

The Answer of A company's inventory records report the following in November of the current year:  On November 8,it sold 12 units for $54 each.
-Using the LIFO perpetual inventory method,what was the amount recorded in the cost of goods sold account for the 12 units sold?
A)$254 
B)$260 
C)$282 
D)$188 
E)$210

A Company's Inventory Records Report the Following in November of the Current