Required information

SB Use the following information for problems 32 and 33 (LO 8-6)

[The following information applies to the questions displayed below.]

Tristan, Inc., uses the LIFO cost-flow assumption to value inventory. It began the current year with 1,200 units of inventory carried at LIFO cost of $54 per unit. During the first quarter, it purchased 5,100 units at an average cost of $84 per unit and sold 5,500 units at $120 per unit.

Problem 8-33 (Algo) (LO 8-6)

Assume the company expects to replace the units of beginning inventory sold in April at a cost of $86 per unit and expects inventory at year-end to be between 1,500 and 2,000 units. What amount of cost of goods sold should be recorded for the quarter ended March 31?

Multiple Choice

• $462,000.

• $473,000.

• $462,800.

• $450,000.