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The inventory records for Radford Company reflected the following Beginning inventory on May 1 First purchase on May 7 Second purchase on May 17 Third

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The inventory records for Radford Company reflected the following Beginning inventory on May 1 First purchase on May 7 Second purchase on May 17 Third purchase on May 23 Sales on May 31 1,000 units @ $3.60 1, 100 units @ $3.80 1, 300 units @ $3.90 900 units @ $4.00 3,300 units @ $5.50 What is the amount of cost of goods sold assuming the LIFO cost flow method is used? Multiple Choice $12,850 $13,200 $12.540

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