Question
During 2009, Accent Toys Plc., which began business in October of that year, purchased 20,000 units...
During 2009, Accent Toys Plc., which began business in October of that year, purchased 20,000 units of a toy at a cost of $15 per unit in October. The toy sold well in October. In anticipation of heavy December sales, Accent purchased 7,000 additional units in November at a cost of $17 per unit. During 2009, Accent sold 23,000 units at a price of $20 per unit. Under the Last in, First out (LIFO) method, what is Accent’s cost of goods sold for 2009? Please enter the number without the dollar sign.
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ANSWER :
359000
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