Assume Amazon.com began June with 10 units of inventory that cost $19 each. During June, Amazon purchased and sold goods as follows: June 8 Purchase 30 units at $20 each June 14 Sell 25 units June 22 Purchase 20 units at $22 each June 27 Sell 30 units Assuming LIFO, the cost of merchandise sold for the sale on the 27th is:

A $440 

B $535 

C $570 

D none of the above

Answer rating: 100% (QA)

To calculate the cost of merchandise sold using the LIFO Last In First Out method we need to conside... View the full answer