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Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June follow:

Leading Edge Frame Shop wants to know the effect of different inventory costing methods on its financial statements. Inventory and purchases data for June follow: (Click the icon to view the inventory and purchases data.)
If Leading Edge Frame Shop uses the LIFO method, cost of goods sold will be
A. $27,200.
Data table
B. $21,000.
C. $27,500.
D. $27,800.
\table[[Jun 1,Beginning inventory,Units2,000,Unit Cost,Total Cost],[$,17.00,$,34,000],[Jun 4,Purchase,1,200,$,17.50,,21,000],[Jun 9,Sale,(1,600),,,,]]
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