Use This Information to Answer the Following Question A Periodic Inventory System Is Used; Ending Inventory Is 147

question 134

Multiple Choice

Use this information to answer the following question. $\begin{array}{ll}\text { Beginning inventory } & 100 \text { units @\$8.00 } \\\text { Purchase-Oct. } & 200 \text { units } @ \$ 6.00 \\\text { Purchase-Dec. } & 100 \text { units } @ \$ 12.00\end{array}$
A periodic inventory system is used; ending inventory is 147 units.
What is cost of goods sold under LIFO?

• A) $1,118
• B) $3,118
• C) $2,118
• D) $4,118

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