A company just starting business made the following inventory transactions in August:
Save your time - order a paper!
Get your paper written from scratch within the tight deadline. Our service is a reliable solution to all your troubles. Place an order on any task and we will take care of it. You won’t have to worry about the quality and deadlinesOrder Paper Now
|Purchase on August 1||300 units||$1,560|
|Sale on August 8||200 units||3,400|
|Purchase on August 12||400 units||1,340|
|Sale on August 24||350 units||5,950|
Using the LIFO inventory method, how much is cost of goods sold for August using a perpetual inventory system?