Question: Use the data below for Trailhead Cafe LLC to answer the following question: Date Explanation Units Unit Cost Total Cost January 1 Beginning Inventory 7

Use the data below for Trailhead Cafe LLC to answer the following question:
Date Explanation Units Unit Cost Total Cost
January 1 Beginning Inventory 7 $8 $56
April 21 Purchase 9 $7 $63
August 22 Purchase 15 $6 $90
Totals 31 $209
Trailhead Cafe LLC uses LIFO and 12 units are sold during the period. What is cost of goods sold?
Use the data below for Trailhead Cafe LLC to answer the following question:
Date Explanation Units Unit Cost Total Cost
January 1 Beginning Inventory 7 $8 $56
April 21 Purchase 9 $7 $63
August 22 Purchase 15 $6 $90
Totals 31 $209
Trailhead Cafe LLC uses LIFO and 12 units are sold during the period. What is cost of goods sold?
$90.00
$72.00
$153.00
$91.00

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