17
Inventory records for Capetown, Incorporated revealed the following:
Number of Units Unit Cost
480 $2.38
400
Date: April 1 April 20
Transaction: Beginning Inventory Purchase
Capetown sold 670 units of inventory during the month. Cost of goods sold assuming LIFO would be (Do not round your intermediate calculations. Round your answer to the nearest dollar amount).
Multiple Choice
51634
$1,488
$1,679
$1,595