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A company just starting business made the following inventory purchases and sales in June: Purch Endin If the company is using the PERIODIC inventory system,

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A company just starting business made the following inventory purchases and sales in June: Purch Endin If the company is using the PERIODIC inventory system, based on the LIFO cost flow assumption, the value of the cost of goods sold on June 30 is a. 53,050,00 b. 51,072.50 c. 53,127.50 d. $1,32000 If the company is using the PERPETUAL inventory system, based on the LIFO cost flow assumption, the amount allocated to cost of goods soid for June is a. $3.127.50 b. 52,895,00 c. $2,955.00 d. $3,050.00

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