Boston Cycles started October with 12 bicycles that cost $42 each. On October 16 , Boston bought 40 bicycles at $68 each. On October 31 , when the average cost per unit was $62.00, Boston sold 34 bicycles for $100 each. Boston's cost of goods sold under the FIFO, LIFO and weighted-average methods is summarized as follows: Read the requirements. Requirement 1. Which inventory costing method produced the lowest cost of goods sold? The inventory costing method produced the lowest cost of goods sold