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Roki Inc. uses the periodic inventory system and has the following data for the month of June: June 1 On hand, 50 units @ $15.00

Roki Inc. uses the periodic inventory system and has the following data for the month of June:

June1On hand, 50 units @ $15.00 each$ 750.00
5Purchased 115 units @ $15.10 each1,736.50
14Purchased 75 units @ $15.20 each1,140.00
Total cost of goods available for sale$3,626.50
30On hand, 90 units


If Roki uses the LIFO method, the cost of goods sold for June would be

a. $1,354.00.

b. $2,272.50.

c. $2,296.08.

d. $2,200.00

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