Question: Hello! Can you explain me why this solution? Thanks! Exercise solution Carryable CDs has the following inventory data: - Nov. 1 Inventory 30 units @

Hello! Can you explain me why this solution? Thanks!

Exercise solution Carryable CDs has the following inventory data: - Nov. 1 Inventory 30 units @ $6.00 each - 8 Purchase 120 units @ $6.45 each - 17 Purchase 60 units @ $6.30 each - 25 Purchase 90 units @ $6.60 each A physical count of merchandise inventory on November 30 reveals that there are 100 units on hand. Cost of goods sold under LIFO is - a. $657 b. $1,269 . c. $632 ' (1. $1,295 Solution: {90 x $6.60) + (60 x $6.30) + [(200 150) x $6.45] = $1,295

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