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Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of June. June1 On hand, 50 units at $18.00

Klump Co. uses a perpetual inventory system and had the following inventory transactions for the month of June.

June1 On hand, 50 units at $18.00 each $900.00

4 Purchased 115 units at $18.20 each $2,093.00

5 Sold 100 units

10 Purchased 75 units at $18.25 each $1,368.75

24 Sold 50 units

Total cost of goods available for sale $4,361.75

30 On hand, 90 units

Refer to the information provided for Klump Co. If the company uses the LIFO inventory costing method, cost of goods sold for the month of June is:

a.$2,720.00

b.$2,722.50

c.$2,738.00

d.$2,732.50

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