NAM 22. The cost of goods sold for the June 16 sale is: A) $780. B) $755. C) $715. D) $650. costing. Convisor reported the following events during the month of June: Convisor Company has a perpetual inventory system and uses the LIFO method of inventory Number of Units Date Event Bought Sold Unit Price June 1 Beginning Inv. 100 $10 3 Purchase 75 11 5 Sale 50 10 Purchase 140 12 16 Sale 65 21 Sale 90 25 Purchase 175 14 30 Sale 120