Acompany uses a periodic inventory system. on november 1, the company had 8 items of beginning inventory with a cost of $22 per unit. on november 2, the company purchased 10 units at $21 per unit. on november 6, the company purchased 5 units at $25 per unit. then, on november 8, the company sold 18 units. using lifo, the cost of the 18 units sold is

COGS= $401

Explanation:

Giving the following information:

On November 1, the company had 8 items of beginning inventory with a cost of $22 per unit.

On November 2, the company purchased 10 units at $21 per unit.

On November 6, the company purchased 5 units at $25 per unit.

Then, on November 8, the company sold 18 units.

LIFO (last-in, first-out)

COGS= 5*25 + 10*21 + 3*22= $401

years agooo ahaha. but honestly they need to update ! : )

(i know i'm late but the answer's "things about yourself" because you want to list things you're capable of, why you want to open up the business, the amount of money you're putting into it,etc.) i'm guessing you take online school small business, the answers to the quizzes are all over quizlet. just look up your question and type quizlet after it and it'll pop up.