1. Warren's clothing store sells jeans. During January, her inventory records for a brand of designer jeans were as follows: 
2. 
   
3. Beginning inventory 10 pairs x $22 = $220 
4. On January 6 she buys 4 pairs x $25 = $100
5. On January 10 she sells 5 pairs
6. On January 15 she buys 7 pairs x $30 = $210 
7. On January 20 you sell 10 pairs You buy 4 pairs on January 25 x $30 = $120 
8. 
   
9. Using the information above, calculate the  periodic cost of goods sold using  LIFO.

Answer rating: 100% (QA)

Lets calculate the COGS step by step 1 Beginning Inventory 10 pairs x 22 220 ... View the full answer