Fitcher industries had the following inventory transactions occur during 2012: units cost/unit feb. 1, 2012 purchase 18 $45 mar. 14, 2012 purchase 31 $47 may 1, 2012 purchase 22 $49 the company sold 51 units at $63. what is the company's cost of goods sold using lifo? (rounded to whole dollars)

What is the company's cost of goods sold using LIFO?

$2365

Explanation:

Purchases71      

Final Inventory___80      

Sell units51___63    

FIFOPurc.U.costSell UnitsCostFinal inv.Final Inv.cost

feb-0118   45        18                   81000

mar-0131   47         31                 145700

may-0122   49          2                    9820980

Sell units      

                   51                236520980

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