[The Following Information Applies to the Questions Displayed Below

question 107

Multiple Choice

[The following information applies to the questions displayed below.]
Harding Systems,Inc.uses a periodic inventory system.The purchases of a particular product during the year are shown below:
At December 31 the ending inventory consisted of 1,500 units.
-Compute the cost of goods sold for the current year based on the LIFO method of inventory valuation.

• A)$12,500
• B)$29,175
• C)$10,975
• D)$27,650

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