Question: Caesar & Co. had the following inventory data: Date Quantity Unit Cost July 1 Beginning inventory 5 $51 July 4 Purchase 10 $55 July

Caesar & Co. had the following inventory data: Date Quantity Unit Cost

Caesar & Co. had the following inventory data: Date Quantity Unit Cost July 1 Beginning inventory 5 $51 July 4 Purchase 10 $55 July 7 Sale 12 July 11 Purchase 9 $56 July 14 Sale 8 Assuming LIFO, what is the cost of goods sold for the July 14 sale?

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