Question: The inventory data for an item for May are: Using the perpetual system, costing by the last-in, first-out method, what is the cost of the

The inventory data for an item for May are: 

May 1 May 6 May 8 May 16 May 20 Balance Sale 

Using the perpetual system, costing by the last-in, first-out method, what is the cost of the merchandise sold? 

O A. $1,500 

O B. $1,505 

O C. $1,510 

O D.$1,515

May 1 May 6 May 8 May 16 May 20 Balance Sale Purchase Sale Purchase 25 units at $50 20 units 20 units at $51 10 units 20 units at $52

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