LEARNING OBJECTIVE: Calculate the ending inventory and cost of goods sold using the LIFO method. Using the LIFO method and the information in this table, what is the Cost of Units on Hand and Cost of Goods Sold during this period? a.) Units on Hand: $2,275 Cost of Goods Sold: $1,800 b.) Units on Hand: $2,575 Cost of Goods Sold: $1,500 c.) Units on Hand: $1,400 Cost of Goods Sold: $2,675 d.) Units on Hand: $1,750 Cost of Goods Sold: $2,325