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question crowe co uses the perpetual inventory method the inventoryrecords for vulca 4286253

Question

Crowe Co. uses the perpetual inventory method. The inventoryrecords for Vulcan reflected the following

 

  Jan 1

  BeginningInventory

1,200 units @$3.00

  Jan 12

  First Purchase

1,300 units @$3.30

  Jan 18

  Sales

1,400 units @$3.90

  Jan 21

  Second Purchase

1,200 units @$3.10

  Jan 25

  Third Purchase

190 units @$3.20

  Jan 31

  Sales

1,300 units @$3.90

 

Assuming Crowe uses a LIFO cost flow method, the amount of costof goods sold for the sales transaction on January18 is (round the final result to the nearest wholedollar):

A)$4,730.

B)$4,340

C)$3,390.

D)$4,590.

 

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