accounting question 6

Accounting
Tutor: None Selected Time limit: 1 Day

i am stuck on the following problem. here is a pic of the problem

http://imgur.com/ypETyct

please include all work/how you got the answer. it will help me with future problems

thanks in advance

Feb 15th, 2015

On January 18 following LIFO

Sales 600 comprising 500 at cost of 2.5 and 100 at cost of 2.2

Cost of goods sold = 500*2.50+100*2.20 = 1250+220 =1470

Answer: $1,470


Feb 15th, 2015

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