question archive The inventory records for Radford Co

The inventory records for Radford Co

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The inventory records for Radford Co. reflected the following

Beginning inventory @ May 1

100

units @

$ 4.00

First purchase @ May 7

300

units @

$ 4.40

second purchase @ May 17

500

units @

$ 4.60

Third purchase @ May 23

100

units @

$ 4.80

Sales @ May 31

900

units @

$ 7.80

Determine the amount of cost of goods sold assuming the LIFO cost flow method.

A) $4,100

B) $4,320

C) $2,360

D) $3,600

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