For the following questions, assume the Page Company had the following inventory information for the...
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Accounting
For the following questions, assume the Page Company had the following inventory information for the month of January:
January 1, Beginning Inventory of 20 units at $160 per unit
January 5, purchased 10 units at $170 per unit
January 15, purchased 30 units at $180 per unit
January 23, purchased 40 units at $200 per unit
January 31, Ending Inventory of 45 units
If Page Company uses LIFO, the Cost of Goods Sold would be:
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$7,600
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$9,400
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$10,065
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$10,700
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None of the above
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