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For 2021, X Company's Beginning Inventory and Purchases are as follows: Units Price per Unit 1/1 Balance 30 $15 2/3 Purchase 25 $18 5/10 Purchase

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For 2021, X Company's Beginning Inventory and Purchases are as follows: Units Price per Unit 1/1 Balance 30 $15 2/3 Purchase 25 $18 5/10 Purchase 20 $20 . 11/4 Purchase 15 $22 During the year, X sold 61 units at $50 each Using LIFO, COGS for 2021 is: 1. $1,195 2. $1,630 3. $2,200 4. $1,525 0 1 O 2 O 3

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