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  3. the inventory records for hugo co. reflect the fol

The inventory records for Hugo Co. reflect the following: Beginning Inventory @ May 1 1,900...

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Accounting

The inventory records for Hugo Co. reflect the following:

Beginning Inventory @ May 1 1,900 units @ $2.70

First Purchase @ May 7 1,900 units @ $2.80

Second Purchase @ May 17 2,200 units @ $3.00

Sales @ May 31 4,300 units @ $3.70

3. Determine Hugo's cost of goods sold for May assuming the LIFO cost flow method.

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