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Firm A reported the following April activity for inventory purchases: Purchase Date Units Purchased Unit Price April 10 500 2.5 April 24 400 2.6 April

Firm A reported the following April activity for inventory purchases:
Purchase Date Units Purchased Unit Price
April 10 500 2.5
April 24 400 2.6
April 20 400 2.65
Beginning inventory consisted of 300 units acquired at $2.40. A physical count of ending inventory finds there are 600 units left
at end of April. The cost of goods sold assuming LIFO and its periodic Inventory system is:

A: $2,600

B: $2,490

C: $2,540

D. None of the above

E. $1,580

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