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Easton Company uses the periodic inventory system and had the following inventory sales activity for the month of May 2019: Date.Activity.Quantity....
Easton Company uses the periodic inventory system and had the following inventory & sales activity for the month of May 2019:
Date...............Activity..................Quantity..............Unit Price
5/1.........Beginning Inventory........100......................$10
5/5................Purchase..................200......................$12
5/15..............Purchase...................220....................$14
5/25..............Purchase..................225......................$16
Sales were 540 units at $20. Using the LIFO method, determine the dollar value of Cost of Goods Sold for the month of May.
