Question: PurchasedUnitsUnit CostTotal CostBeginning Inventory 5 0 $ 2 0 $ 1 , 0 0 0 November 7 0 $ 2 4 $ 1 , 6

PurchasedUnitsUnit CostTotal CostBeginning Inventory50$20$1,000November70$24$1,680December60$26$1,560January80$25$2,000Units Available for Sale260$6,240Ending InventoryUnits on Hand80Cost of Units on Hand$Units Sold in February180Cost of Goods Sold$4,520
Which inventory method was used to calculate cost of goods sold, based on the information above?
Weighted average
FIFO
Specific ID
LIFO

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