Units	Unit Cost
Inventory:	January 1	10100	$9.00
Purchases:	June 18	8500	8.00
	November 8	5500	8.00

A physical inventory on December 31 shows 3600 units on hand. Waterway sells the units for $11 each. The company has an effective tax rate of 24%. Waterway uses the periodic inventory method. Under the LIFO method, cost of goods sold is

$170500.

$169900.

$33800.

$169100.

inventory $203000; ending inventory $77000; cost of goods sold $2590000; and sales $1380000. Bonitas inventory turnover in 2020 was

12.8 times.

9.9 times.

18.5 times.

9.9 times.