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Sanfilipo, Inc., had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of inventory during

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Sanfilipo, Inc., had 800 units of inventory on hand at March 1 of the current year, costing $20 each. Purchases and sales of inventory during the month of March were as follows: Purchases Sales 680 units 51 Date March 8 15 22 27 400 units @ $22 each 400 units @ $24 each 400 units Sanfillipo uses the periodic inventory system. According to a physical count, 600 units were on hand at the end of March The cost of goods sold for March applying the LIFO method is. Multiple Choice O $2,500 $20,960 522400 520,400

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