Multiple Choice
Use the following information to answer questions
On December 31, 2009, the Italian Pasta Company's ending inventory consisted of 100 bags of fettuccine at a cost of $0.75 per bag. Throughout January 2010, the Italian Pasta Company purchased and sold additional bags of fettuccine. Refer to the table below for additional information.
-Assume that the Italian Pasta Company uses a LIFO perpetual inventory system. Cost of goods sold for January 2010, is
A) $300.00.
B) $445.00.
C) $460.00
D) $462.50.
E) $600.00.
Correct Answer:

Verified
Correct Answer:
Verified
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