Inventory data for Midwest Logistics Company for January 20XX are


Question Description:

24.99

Inventory data for Midwest Logistics Company for January 20XX are as follows: January 1 balance 80 units at $25 January 10 purchase 100 units at $28 January 15 sale 120 units January 21 purchase 90 units at $32 January 28 sale 130 units REQUIRED: Using the LIFO cost method, compute ending inventory as of January 31, 20XX and determine cost of goods sold for January. Be sure to show your calculations

Answer

24.99