i am stuck on the following problem. here is a pic of the problem
please include all work/how you got the answer. it will help me with future problems
thanks in advance
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
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