Problem 8-6 (Part Level Submission)

Novak Company is a multi product firm. Presented below is information concerning one of its products, the Hawkeye.

1/1 Beginning Inventory: 2,400 quantity, $16 price/cost

2/4 Purchase: 3,400 quantity, $24 price/cost

2/20 Sale: 3,900 quantity, $41 price/cost

4/2 Purchase: 4,400 quantity, $31 price/cost

11/4 Sale: 3,600 quantity, $45 price/cost

Compute cost of goods sold, assuming Novak uses Pperpetual system, LIFO cost flow.