Use the data below for Schmidt Ltd to answer the following question: Date Explanation Units Unit Cost Total Cost January 1 Beginning Inventory 11 $5 $55 April 21 Purchase 9 $6 $54 August 22 Purchase 13 $7 $91 Totals 33 $200 Schmidt Ltd uses LIFO and 12 units are sold during the period. What is cost of goods sold? Use the data below for Schmidt Ltd to answer the following question: Date Explanation Units Unit Cost Total Cost January 1 Beginning Inventory 11 $5 $55 April 21 Purchase 9 $6 $54 August 22 Purchase 13 $7 $91 Totals 33 $200 Schmidt Ltd uses LIFO and 12 units are sold during the period. What is cost of goods sold? $116.00 $72.73 $61.00 $84.00