Question: 12/01 Beginning Inventory 100 units @ $6/unit 12/10 Purchase 200 units @ $8/unit 12/20 Purchase 100 units @ $9/unit 150 units 12/31 Ending Inventory Assuming

12/01 Beginning Inventory 100 units @ $6/unit 12/10 Purchase 200 units

12/01 Beginning Inventory 100 units @ $6/unit 12/10 Purchase 200 units @ $8/unit 12/20 Purchase 100 units @ $9/unit 150 units 12/31 Ending Inventory Assuming that a periodic inventory system is used, what is Cost of Goods Sold under the LIFO method? O a. $1,000 O b. $1,800 O c. $2,050 O d. $1,300 O e. $2,100

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