The cost of the goods sold on may30 under the LIFO method is

Telemarker Co. uses a perpetual inventory system: No. Units Cost/Unit Total Cost Beginning inventory 1,000 $60.00 $60,000 May 2, sale 600 May 7, purchase 800 78.00 62,400 May 16, sale 400 May 20, purchase 1,000 79.20 79,200 May 30, sale 1,200