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Question 44 (5 points) The following purchases of widgets by Happy Company took place during the 1st Quarter of 2019: | Date 01/10/2019 02/05/2019 03/15/2019

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Question 44 (5 points) The following purchases of widgets by Happy Company took place during the 1st Quarter of 2019: | Date 01/10/2019 02/05/2019 03/15/2019 Units 120 0 100 Cost $30/each $32leach $33.50/each 8 If Happy makes the perpetual LIFO inventory assumption with regard to inventory, what is the cost of goods sold for a sale of 70 widgets on February 15, 2019 if it is the only sale in the first quarter? $2,345 $2,240 $2,100 $1,900

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