Question: Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 1,300

Beginning inventory @ May 1 First purchase @ May 7 Second purchase @ May 17 Third purchase @ May 23 Sales @ May 31 1,300 units @ $4.20 1,400 units @ $4.40 1,600 units @ $4.50 1,200 units @ $4.60 4,200 units @ $6.10 TB MC Qu. 05-41 What is the amount of cost of goods sold... What is the amount of cost of goods sold assuming the LIFO cost flow method? Multiple Choice O $19,320 O $18,880 O $18,480 $17640

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