Question: Question 1 The inventory records for this entity appear below: Beg. Bal. (20 units @ $22) Purchases No. 1: (50 units @$26) No. 2: (60

Question 1 The inventory records for this entity appear below: Beg.

Question 1 The inventory records for this entity appear below: Beg. Bal. (20 units @ $22) Purchases No. 1: (50 units @$26) No. 2: (60 units @$35) Inventory $440 Cost of Goods Sold (100 units @ ?) $1,300 $2,100 Using the Last in first out method what is the cost of goods sold? O a. $3,140 b. $2,000 O c. $1,800 Od. $3.300

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