Question

HYT Company sells computer monitors (only one model). During February 2017, its inventory records were as...

HYT Company sells computer monitors (only one model). During February 2017, its inventory records were as follows:

Date Units Unit Cost Total Cost
Beginning Inventory 10 $20 $200
February 3 Purchase 21 $21 $441
February 5 Purchase 11 $23 $253
February 7 Sale -26 N/A
February 9 Sale -14 N/A
February 13 Purchase 21 $22 $462
February 23 Purchase 23 $19 $437
February 25 Sale -14 N/A
February 27 Sale -23 N/A

The cost of goods sold using the perpetual LIFO method is:

Select one:
a. $1,599
b. $1,622
c. $1,585
d. $1,613

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