The following data applies to a particular item of merchandise: Of the 1,600 units sold during the period, 300 were from the beginning inventory; 500 from the first purchase: 600 from the second purchase; and 200 from the last purchase. Using the lastin, first-out costing method, the cost of goods sold would be a. 58.390 b. 54570 c. 38,410 d. 32.530