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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.
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.
-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.

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