Multiple Choice Question 88 Pharoah has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 62 units at $149 372 units at $139 248 units 186 units at $143 174 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis? $59402 $28242 $59252 O $28142 Multiple Choice Question 88 Pharoah has the following inventory data: July 1 Beginning inventory 5 Purchases 14 Sale 21 Purchases 30 Sale 62 units at $149 372 units at $139 248 units 186 units at $143 174 units Assuming that a periodic inventory system is used, what is the cost of goods sold on a LIFO basis? $59402 $28242 $59252 $28142