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49) Inventory records for Marvin Company revealed the following: Date Transaction Mar. Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase Number of

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49) Inventory records for Marvin Company revealed the following: Date Transaction Mar. Beginning inventory Mar. 10 Purchase Mar. 16 Purchase Mar. 23 Purchase Number of Units Unit Cost $7.20 7.25 7.30 7.35 1,000 600 600 Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming LIFO would be: B) $16,660 C) $16,540. A) $16,800. D) $16,760

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