Hunter Coy sells calculators. At the beginning of March, 100 Z1200 scientific calculators were on hand for which the firm had paid $25 each. Purchases and sales for the month were as follows.
If Hunter Coy uses a periodic system with a LIFO cost flow assumption March's cost of sales for the Z1200 scientific calculators is:
A) $3360.
B) $4500.
C) $5020.
D) $5340.
Correct Answer:
Verified
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