Question: Sheffield Corp. uses the periodic inventory system. For the current month, the beginning inventory consisted of 478 units that cost $70 each. During the month,

Sheffield Corp. uses the periodic inventory system. For the current month,

Sheffield Corp. uses the periodic inventory system. For the current month, the beginning inventory consisted of 478 units that cost $70 each. During the month, the company made two purchases: 722 units at $73 each and 362 units at $75 each. Sheffield Corp. also sold 1204 units during the month. Using the LIFO method, what is the amount of cost of goods sold for the month? $84280. O $86458. O $88256 O $87350

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