Inventory records for Marvin Company revealed the following:DateTransactionNumber of UnitsUnit CostMar.1Beginning Inventory1,000$7.20 Mar.10Purchase600 7.25 Mar.16Purchase800 7.30 Mar.23Purchase600 7.35 Marvin sold 2,300 units of inventory during the month. Cost of goods sold assuming LIFO would be:
A. $16,800.
B. $16,660.
C. $16,540.
D. $16,760.
Answer: D
Business
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