Question: Choco, Inc uses a perpetual inventory system. During October, Choco, Inc. sold 111 units during October If Choco, Inc uses the LIFO method, how much

Choco, Inc uses a perpetual inventory system. During October, Choco, Inc.

Choco, Inc uses a perpetual inventory system. During October, Choco, Inc. sold 111 units during October If Choco, Inc uses the LIFO method, how much is the cost of goods sold for October? Date Units Costs Total costs Oct. 1 Beginning inventory 200 $2/unit $ 400 4 Sales 1 (price $10/unit) 111 19 Purchase 300 $4/unit $ 1.200 $ 1.600 111 Sales during October

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