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The following information pertains to the Fan Companys inventory item B1008: March 1 Inventory Balance 400 units @ $ 3.10 5 Purchase 1,400 units @
The following information pertains to the Fan Companys inventory item B1008: March 1 Inventory Balance 400 units @ $ 3.10 5 Purchase 1,400 units @ $ 3.20 14 Purchase 280 units @ $ 3.25 31 Inventory Balance 520 units In a periodic inventory system, the LIFO cost of goods sold is: Multiple Choice $4,952. $4,993. $5,006. $4,967
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