Basil Company had the following activity in its inventory account during March 2021: Activity Date...
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Basil Company had the following activity in its inventory account during March 2021: Activity Date March 1 March 3 March 5 March 9 March 12 March 14 March 15 March 30 Beginning Inventory Purchase 1 Sale 1 Purchase 2 Sale 2 Purchase 3 Sale 3 Purchase 4 Units Cost per unit 100 45 50 60 70 10 30 35 $4.00 4.05 9.00 4.75 10.00 5.00 12.00 5.05 Total unit costs $400.00 182.25 450.00 285.00 700.00 50.00 360.00 176.75 Based on this information, what is the cost of goods sold for the month ended March 31, 2021, for Basil Company if the company uses perpetual LIFO as its inventory valuation method?
Basil Company had the following activity in its inventory account during March 2021: Based on this information, what is the cost of goods sold for the month ended March 31, 2021, for Basil Company if the company uses perpetual LIFO as its inventory valuation method
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