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Given the following data, calculate Cost of Goods Sold using the LIFO costing method. Date Item Unit 1/1 Beginning inventory 50 units at $10 per

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Given the following data, calculate Cost of Goods Sold using the LIFO costing method. Date Item Unit 1/1 Beginning inventory 50 units at $10 per unit 2125 Purchase of inventory 40 units at $20 per unit 3/31 Ending Inventory 30 Units O A. $1,000 O B. $867 OC. $900 OD. $700 Click to select your

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