Pina Colada Corp. has the following inventory dа ta:
July 1 Beginning inventory 33 units at $21 $693
7 Purchases 116 units at $22 2552
22 Purchases 17 units at $24 408
$3653
A physical count of merchandise inventory on July 30 reveals that there are 53 units on hand. Using the LIFO inventory method, the amount allocated to cost of goods sold for July is
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Home » Business » Pina Colada Corp. has the following inventory dа ta: July 1 Beginning inventory 33 units at $21 $693 7 Purchases 116 units at $22 2552 22 Purchases 17 units at $24 408 $3653 A physical count of merchandise inventory on July 30 reveals that