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Henri Company's Inventory Records Show the Following Data A Physical Inventory on December 31 Shows 3000 Units on Units

question 70

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Henri Company's inventory records show the following data:  Units  Unit Cost  Inventory, January 1 10,000$9.20 Purchases:  June 189,0008.00 November 8 6,0007.25\begin{array}{llrr}&&\text { Units }&\text { Unit Cost }\\\text { Inventory,}&\text { January 1 } & 10,000 & \$ 9.20 \\\text { Purchases: } & \text { June } 18 & 9,000 & 8.00 \\&\text { November 8 } & 6,000 & 7.25\end{array}

A physical inventory on December 31 shows 3000 units on hand. Henri sells the units for $12 each. The company has an effective tax rate of 20%. Henri uses the periodic inventory method. Under the LIFO method cost of goods sold is


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