11. Assume that Fey Company reports the following initial balance and subsequent purchase of inventory

11. Assume that Fey Company reports the following initial balance and subsequent purchase of inventory Inventory balance at beginning of year Inventory purchased during the year Cost of goods available for sale during the year Assume that 1 ,900 units are sold during the year. 1 ,200 units @ $60 each __I_$QQ units @ $90 each 3,000 units $ 72,000 162000 $234,000 What amount is reported for cost of goods sold using the LIFO method?