A Moving to another question will save this response Question 12 During July, the following purchases and sales were made by Big Dan Company. There was no beginning inventory Big Dan Company uses a perpetual inventory system Purchase July 3 20 units $12 July 13 25 units 11 20 units $13 22 10 units 20 10 $15 Under the LIFO method, the cost of goods sold for each sale is July 13 a $300 b. 320 c 325 375 22 $120 150 150 130 b