Multiple Choice
Mountain Made uses a periodic inventory system.The company started the month with 3 quilts in its beginning inventory that cost $200 each.During the month,Mountain Made purchased 20 additional quilts for $210 each.At the end of the month,Mountain Made counted its inventory and found that 5 quilts remained unsold.If Mountain Made uses LIFO periodic,its cost of goods sold for the month is:
A) $1,020.
B) $3,780.
C) $3,750.
D) $1,050.
Correct Answer:
Verified
Correct Answer:
Verified
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