Cathy Company began business on January 1, 2021. The company uses the LIFO cost flow assumption for inventory accounting. Cathy purchased two identical units of inventory during the year: Purchase #1: Purchase #2: 1 unit @ $10 1 unit @ $12 On December 31, 2021, Cathy sold one unit for $29, and determined that it was the unit bought in Purchase #2. Cathy reported cost of goods sold relating to this sale of $12. If Cathy had sold the unit bought in Purchase #1 instead of the unit bought in Purchase #2, cost of goods sold would have been: $10 $12 $29 O $11