Question 12 1 pts Company Z had the beginning inventory of 500 units at $15 each. On February 1, they purchased an additional 800 units at $18 each. On March 15, they sold 1000 units at $50 each. On June 1, they purchased another 600 units at $20 each. Lastly, on August 15, they sold another 500 units at $55 each. Calculate the company's cost of goods sold using LIFO. Assume the company uses the periodic method. $27,900 $26,763 $25,900 $27,400