Question: Using the LIFO method and the information in this image, what is the Cost of Goods Sold during December? $105,000 $80,000 $60,000 $95,000 Purchased Units

Using the LIFO method and the information in this image, what is the Cost of Goods Sold during December?

$105,000
$80,000
$60,000
$95,000

is the Cost of Goods Sold during December?$105,000$80,000$60,000$95,000 Purchased Units Unit Cost

Purchased Units Unit Cost Total Cost September 150 $300 $45,000 October 300 $400 $120,000 November 150 $500 $75,000 Units Available for Sale 600 $240,000 Ending Inventory Units Sold in December 200 Units on Hand 400 Cost of Goods Sold

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