29. Sea Company had the following inventory purchases and sales during the month of May. The company uses the perpetual inventory method. Units Date 5/1/2009 5/5/2009 5/15/2009 5/20/2009 5/30/2009 Purchases Unit Price Total 100 $4 $400 200 $5 $1,000 100 $6 $600 150 $7 $1,050 160 $8 $1,280 Date 5/10/2009 5/18/2009 5/29/2009 Units 120 275 155 Sales Unit Price $10 $11 $11 Total $1,200 $3,025 $1,705 What is cost of goods sold on 18th of May under LIFO?* (3 Points) 577572009 5/20/2009 5/30/2009 100 150 160 $6 $7 $8 $600 $1,050 $1,280 Sales Unit Price $10 Date 5/10/2009 5/18/2009 5/29/2009 Units 120 275 155 Total $1,200 $3,025 $1,705 $11 $11 What is cost of goods sold on 18th of May under LIFO? * (3 Points) O $1,380 O $1,361 some other amount O $1,400