Multiple Choice
A company 8 units of inventory at a cost of $12 each on November 1.On November 2,the company purchased 13 units at $13 each.On November 6,the company purchased 9 units at $14 each.On November 8,the company sold 24 units for $57 each.Given this information,determine the cost of the 24 units sold using the LIFO periodic inventory method.
A) $307
B) $319
C) $336
D) $415
E) $442
Correct Answer:
Verified
Correct Answer:
Verified
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