character company, which uses the perpetual inventory method, purchases different letters for resale. character had a beginning inventory comprised of ten units at $6 per unit. the company purchased three units at $8 per unit in february, sold five units in october, and purchased four units at $9 per unit in december. if character company uses the lifo method, what is the cost of goods sold for the year?

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02-11-2022
Business

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character company, which uses the perpetual inventory method, purchases different letters for resale. character had a beginning inventory comprised of ten units at $6 per unit. the company purchased three units at $8 per unit in february, sold five units in october, and purchased four units at $9 per unit in december. if character company uses the lifo method, what is the cost of goods sold for the year?

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