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3 Overland Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 477 units that cost $61 each. During the

image text in transcribed 3 Overland Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 477 units that cost $61 each. During the month, the company made two purchases (in chronological order): 724 units at $64 each and 358 units at $66 each. Overland Company also sold 1,210 units during the month. Using the LIFO method, what is the amount of cost of goods sold for the month? $75,049 $77,772 $75,942 $75,930 2 pts

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