Allsop Company had no beginning inventory. The company purchases 300 units of inventory in January at $5 each, 500 units at $4 each in August, and 200 units at $6 each in November. The company sells 150 units during the year. Allsop uses a periodic inventory system and the LIFO inventory costing method. What is the cost of goods sold?

A) $750
B) $900
C) $600
D) $934

B) $900

Explanation:

Given: Purchased 300 units of inventory in January at $5 each.

           Purchased 500 units of inventory in August at $4 each.

           Purchased 200 units of inventory in November at $6 each.

          The company sold 150 units during the year.

As given company used periodic inventory system and the LIFO inventory costing method.

Periodic inventory system are the system that determine inventory at the end of each accounting period.

Last-in-first-out (LIFO) is inventory valuation method that assume inventory which are placed last, will be the first one to be sold out.

Now, computing cost of goods sold as per LIFO method.

We know sold unit is 150 unit

∴ Last inventory which was placed is in November, that is at $6 per unit.

Cost of goods sold=

⇒ Cost of goods sold=

∴ Cost of goods sold=  

Hence, the cost of goods sold as per LIFO inventory costing method is $900.

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among other factors, composers started writing dynamic markings in their scores because "new instruments allowed for more dynamic ranges and contrast."

dynamics allude to the loudness or softness of music. dynamics offer an approach to demonstrate articulation in sheet music. they to drive the enthusiastic substance of music through volume and force. maybe you could alter both the volume and the shading profundity on your screen at the same time. we can likewise think about the force side of elements as the quality of a note. a few notes are intended to be played delicately and gently, while others are intended to be played all the more firmly.  

some dynamics markings have a letter 'm,' which remains for mezzo, signifying 'medium.' so a mezzo piano unique stamping resembles this (mp) and intends to play medium calm, while a mezzo specialty dynamic resembles this (mf) and intends to play medium loud.