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Montana Great Outdoors had the following inventory in fiscal 2012. The company uses a periodic inventory system and the LIFO method of accounting for inventory.

Montana Great Outdoors had the following inventory in fiscal 2012. The company uses a periodic inventory system and the LIFO method of accounting for inventory.

Beginning inventory, August 1, 2011: 140 units @ $19.50.

Sept. 15 Purchase 300 units @ $19.00.

Oct. 31 Purchase 50 units @ $20.00.

Jan. 21 Purchase 120 units @ $20.30.

Ending Inventory, July 31, 2012: 130 units.

The companys cost of goods sold for fiscal 2012 is:

A)$9,230

B)$2,636

C)$11,866

D)$9,331

E)None of the above

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