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Marigold Company's inventory records show the following data: Units Unit Cost Inventory: January 1 10300 $9.00 Purchases: June 18 9200 9.00 November 8 5600
Marigold Company's inventory records show the following data: Units Unit Cost Inventory: January 1 10300 $9.00 Purchases: June 18 9200 9.00 November 8 5600 6.00 A physical inventory on December 31 shows 4200 units on hand. Marigold sells the units for $12 each. The company has an effective tax rate of 18%. Marigold uses the periodic inventory method. Under the LIFO method, cost of goods sold is O $170700. O $39200. O $171300. O $169900.
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