Acompany had inventory of 5 units at a cost of $20 each on november 1. on november 2, they purchased 10 units at $22 each. on november 6, they purchased 6 units at $25 each. on november 8, they sold 18 units for $54 each. using the lifo perpetual inventory method, what was the cost of the 18 units sold?

Cost of goods sold=  $410

Explanation:

Giving the following information:

November 1: 5 units for $20 each.

On November 2, they purchased 10 units at $22 each.

On November 6, they purchased 6 units at $25 each.

On November 8, they sold 18 units for $54 each.

The company uses LIFO (last in, first out) as an inventory method.

Cost of goods sold= 6units*25 + 10units* 22 + 2units* 20= $410

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best of luck,

the divergent