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Given the following data, calculate the cost of goods sold using the LIFO costing method. Date Item Unit 1/1 Beginning inventory 7 units at $22

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Given the following data, calculate the cost of goods sold using the LIFO costing method. Date Item Unit 1/1 Beginning inventory 7 units at $22 per unit 3/18 Purchase of inventory 5 units at $24 per unit 6/20 Purchase of inventory 9 units at $27 per unit 9/27 Purchase of inventory 26 units at $28 per unit 11/27 Purchase of inventory 28 units at $29 per unit 12/31 Ending inventory 28 units O A. $1,796 O B. $1,034 OC. $1,245 OD. $1,344

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