Salmone Company reported the following purchases and sales of its only product.Salmone uses a perpetual inventory system.

-Determine the cost assigned to cost of goods sold using LIFO.
A)$2,590
B)$2,850
C)$2,580
D)$2,860
E)$2,460

Question

Salmone Company reported the following purchases and sales of its only product.Salmone uses a perpetual inventory system.

-Determine the cost assigned to cost of goods sold using LIFO. 
A)$2,590 
B)$2,850 
C)$2,580 
D)$2,860 
E)$2,460

Quizplus · Accepted Answer

The Answer of Salmone Company reported the following purchases and sales of its only product.Salmone uses a perpetual inventory system.

-Determine the cost assigned to cost of goods sold using LIFO. 
A)$2,590 
B)$2,850 
C)$2,580 
D)$2,860 
E)$2,460

Salmone Company Reported the Following Purchases and Sales of Its