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Shayla's Design Uses a Periodic Inventory System

Question 14

Multiple Choice

Shayla's Design uses a periodic inventory system. Shayla sold 33 artist kits during January. Other data for January include: Shayla's Design uses a periodic inventory system. Shayla sold 33 artist kits during January. Other data for January include: Cost of Goods Sold under the LIFO method is: A) $1,278. B) $1,044. C) $1,000. D) $766. Cost of Goods Sold under the LIFO method is:


A) $1,278.
B) $1,044.
C) $1,000.
D) $766.

Correct Answer:

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