The Xu Corporation uses a periodic inventory system. The company has a beginning inventory of 650 units at $9 each on January 1, Xu purchases 900 units at $8 each in February and 400 units at $10 each in March. There were no additional purchases or sales during the remainder of the year, Xu sells 700 units during the quarter. If Xu uses the LIFO method, what is its cost of goods sold? Multiple Choice 0 0 $7,000 0 O $350 0 $6.200 0 $6,400