Required information The following information applies to the questions displayed below] Causwell Company began 2021 with 25.000 units of inventory on hand The cost of each unit was $6.00. During 2021 an additional 45,000 units were purchased at a single unit cost, and 35,000 units remained on hand at the end of 2021 (35,000 units therefore were sold during 2021). Causwell uses a periodic inventory system Cost of goods sold for 2021. applying the average cost method, is $241,500. The company is interested in determining what cost of goods sold wouid have been if the FIFO or LIFO methods were used. Required: 2. Determine the cost of goods sold for 2021 using the LIFO method (Do not round intermediate calculations.)