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25 Consider the following information on the inventory of Harvest Company: Number Date Transaction of Units Unit Cost Total Cost Jan. 1 Beginning inventory 50

25 Consider the following information on the inventory of Harvest Company: Number Date Transaction of Units Unit Cost Total Cost Jan. 1 Beginning inventory 50 $30 $ 1,500 May 5 Purchase 245 $35 8,575 Nov. 3 Purchase 190 $40 7,600 485 $17,675 Using the table of information above, assuming LIFO and 400 units sold on December 1, what is the Cost of Goods Sold? O $14,275 O $14,950 O $16,625 O $2,725

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