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A company has the following: Dec. 1 Beginning inventory 15 units at $60 ...

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Question

Accounting

A company has the following:
Dec. 1 Beginning inventory 15 units at $60
Dec. 5, Purchases 90 units at $56
Dec. 14 Sale 60 units
Dec. 21 Purchases 45 units at $58
Dec. 30 Sale 42 units
Assuming that a perpetual inventory system is used, what is the cost of goods sold on a LIFO basis for December?
$5,772
$5,796
$5,916
$5,802
$5,862
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