Question: please explain answer ABC Company is a popular toy store in New York City. They reported the following inventory flows and related costs for a

please explain answer

ABC Company is a popular toy store in New York City. They reported the following inventory flows and related costs for a particular toy train set during the month of March 2019 Cost per Unit $13 $12 3/2019 3/2/2019 3/6/2019 3/112019 3/15/2019 3/21/2019 3/26/2019 3/30/2019 Beginning Inventory Purchase Sale Sale Purchase Sale Purchase Sale # of Units 800 700 500 200 600 300 300 400 $15 $17 These toy train sets sell to customers for $26 each. What is ABC Company's Cost of Goods Sold for March 2019 assuming that ABC Company uses a periodic, LIFO inventory cost flow system? $20,100 $19,500 O $17,600 $1,400 O $36,400

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