Square9 Corporation has provided the following information about one of its laptop computers: ...

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Accounting

Square9 Corporation has provided the following information about one of its laptop computers:
Date Transaction Number of Units Cost per Unit
1/1 Beginning Inventory 140 $440
5/5 Purchase 240 $490
8/10 Purchase 340 $540
10/15 Purchase 220 $590
During the year, Square9 sold 850 laptop computers.
What was cost of goods sold using the LIFO cost flow assumption?
Multiple Choice
$444,500.
$439,500.
$453,000.
$443,000.

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