Chpt 6: Harper Hawk Inc. has the following inventory data:…
Chpt 6: Harper Hawk Inc. has the following inventory data: Date Accounting Activity Units Unit Price $ Total $ July 1 Beginning inventory 50 $120 $6,000 July 5 Purchases 300 $112 $33,600 Juy14 Sale 200 ? ? July 21 Purchases 150 $115 $17,250 July 30 Sale 140 ? ? Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis?