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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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luisferx51

Answer:

Accent's Cost of goods for that year is 351,000.

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