40.00 $20.00 Atlas Company uses the perpetual inventory costing system. The company has provided the following...

 

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40.00 $20.00 Atlas Company uses the perpetual inventory costing system. The company has provided the following data for the current period: Transaction Date 1-Nov Beginning balance Units Total $ 800.00 4-Nov Purchases 70.00 $22.00 $1,540.00 6-Nov 7-Nov Purchases Sales 40.00 $24.00 $ 960.00 100.00 $60.00 $6,000.00 Calculate the cost of goods sold for the period given per LIFO 40.00 $20.00 Atlas Company uses the perpetual inventory costing system. The company has provided the following data for the current period: Transaction Date 1-Nov Beginning balance Units Total $ 800.00 4-Nov Purchases 70.00 $22.00 $1,540.00 6-Nov 7-Nov Purchases Sales 40.00 $24.00 $ 960.00 100.00 $60.00 $6,000.00 Calculate the cost of goods sold for the period given per LIFO