Assuming Chandler uses a LIFO cost flow method, the amount of cost of goods sold for the sales transaction on January 18 is (round the final result to the nearest whole dollar):
A)$1,150.
B)$1,070.
C)$1,050.
D)$1,130.

Name: Assuming Chandler uses a LIFO cost flow method, the amount of cost of goods sold for the sales transaction on January 18 is (round the final result to the nearest whole dollar): A)$1,150. B)$1,070. C)$1,050. D)$1,130.
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Question

Quizplus · Accepted Answer

(400 x $2.10) + (100 x $2.30) = $1,070

Assuming Chandler Uses a LIFO Cost Flow Method, the Amount