Question: Can someone explain how to get the answer providing formulas and calculations? Thank you 196) The following information pertains to ABC: March 1 Beginning inventory

Can someone explain how to get the answer providing formulas and calculations? Thank you

Can someone explain how to get the answer providing formulas and calculations?

196) The following information pertains to ABC: March 1 Beginning inventory - 30 units @ S5 March 3 Purchased 15 units @ $4 March 9 Sold 25 units @ $8 What is the cost of goods sold for ABC assuming it uses LIFO? A) $125 B) S85 D) $100. C) $110

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