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Suppose that Blossom Automated Retall Company has the following irventory data: Nov: 1 Inventory 36 units $7.20 each 8 Purchase 144 units @$7.75 each 17

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Suppose that Blossom Automated Retall Company has the following irventory data: Nov: 1 Inventory 36 units $7.20 each 8 Purchase 144 units @$7.75 each 17 Purchase 72 units $5755 each 25 Purchase 108 units a $7.90 each The company uses a periodic imventory system. A physical count of merchandise inventory on Nowember 30 reveals that there are 120 units on hand. Cost of goods sold under LIFO rounded to the nearest dollar is $944. $910. $1828. $1862

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