Question: Multiple Choice Question 88 Metlock has the following inventory data: July 1 Beginning inventory 59 units at $108 5 Purchases 270 units at $101 14

Multiple Choice Question 88 Metlock has the following inventory data: July 1 Beginning inventory 59 units at $108 5 Purchases 270 units at $101 14 Sale 180 units 21 Purchases 135 units at $104 30 Sale 126 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis? $31319 $16363 $31311 $16371 Click if you would like to Show Work for this question: Open Show Work

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