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Sandhill Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 84 units that cost $19 per unit. During the

Sandhill Corp. sells one product and uses a perpetual inventory system. The beginning inventory consisted of 84 units that cost $19 per unit. During the current month, the company purchased 479 units at $19 each. Sales during the month totaled 358 units for $43 each. What is the cost of goods sold using the LIFO method?

1. $9101. 2. $1596. 3. $6802. 4. $15394.

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