A company's inventory records report the following in November of the current year: Units Acquired at Cost 5 units @ $38 = $190 10 units @ $40 = $400 Multiple Choice Date November, 1 Beginning inventory November 2 Purchase November 8 Sales November 12 Purchase 6 units @ $43 = $258 Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold? O $314 $476 $372 Activities $434 Units Sold at Retail 12 units @ $72

A company's inventory records report the following in November of the current year: Using the LIFO perpetual inventory method, what was the amount recorded in the cost of goods sold account for the 12 units sold? Multiple Choice $314 $476 $372 $434