A company purchased merchandise to be resold at increasing costs during the year 2014. The purchases were made at the following costs: January 1, 2014 (carried over from 2013. i at $10 January 25, 2014 purchas.4 units at $11 June 20, 2014 purchas...40 us at $12 October 10, 2014 purchase .50 units at $13 The company sold 10 items at the end of each month. Assuming the LIFO periodic cost flow assumption, what will be the company's cost of goods sold for the 120 items sold in 2014? $1460 $1380 $1386 $1400