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GuCo opened for business in 20X1 andhad the following merchandise transactions: Units Purchased Units Sold 20X1 100@$16 80 20X2 150@$22 110 20X3 200@$19 180 Use

GuCo opened for business in 20X1 andhad the following merchandise transactions:

Units Purchased Units Sold

20X1 100@$16 80

20X2 150@$22 110

20X3 200@$19 180

Use LIFO costing to compute the cost of goods sold in 20X3.....

a.$3,420 b. $2,420 c.$1,280 d.$5,140

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