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Use the following data of Beeline Company: Units Unit Cost Total Cost Beginning inventory 16 $120 $1,920 Purchase on July 3 45 145 6,525 Sales

Use the following data of Beeline Company: Units Unit Cost Total Cost Beginning inventory 16 $120 $1,920 Purchase on July 3 45 145 6,525 Sales 50 ? ? Beeline's cost of goods sold using the LIFO method would be: A. $7,125. B. $6,850. C. $6,900. D. $6,525

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