Required information The following information applies to the questions displayed below) The inventory records for Radford Co. reflected the following Beginning inventory May 1 First purchase May 7 Second purchase May 17 Third purchase a May 23 Sales May 31 700 units 53.00 800 units $3.28 1. eee units 53.30 600 units $3.40 2,408 units $4.99 What is the amount of cost of goods sold assuming the LIFO cost flow method? Multiple Choice $8.160 $7.900 $7680 $7,200