After the sale on June 14 what is Red Rover,s cost of the merchandise inventory on hand, assuming that Red Rover uses LIFO? (Reference Question 3 information).

b.) Information systen du 53. Assume Red Rover began June with 52 units of merchandise inventory, with a cost of per unit. During June, Red Rover purchased and sold goods as follows: June 8 Purchase 14 Sale 22 Purchase 27 Sale 42 units @ $15 60 units @ $40 28 units @ $25 42 units @ $40 Under the FIFO inventory costing method, how much is Red Rover's cost of goods sold for sale on June 14? A. $510 B. $2,400 C. $1,004 D. $936 54. After the sale on June 14, what is Red Rover's cost of the merchandise inventory on hand, assuming that Red Rover uses FIFO? (Reference Question 3 information.) A. $510 B. $2,400 C. $1,004 D. $936 COGS=(52x1=$804) +(8X1S=1120) = $1,004 Beginning inventory +cos t of purchases - COGS (52x17=#884)+(42x15630)-| #100495510