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Small Company reports the following amount of inventory for the year. Beginning Inventory 10 units at $2.00 Sale on Mar. 2nd 5 units at $6.00

Small Company reports the following amount of inventory for the year.

Beginning Inventory 10 units at $2.00

Sale on Mar. 2nd 5 units at $6.00

Purchase on Jul. 6th 20 units at $2.50

Sale on Sept. 9th 15 units at $7.00

Purchase on Nov. 30th 15 units at $2.00

If Small Company uses last-in, first-out perpetual inventory system, what is the cost of merchandise sold on September 9th?

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