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What is the amount of cost of goods sold for the month

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Question - Sheridan Company uses the periodic inventory system. For the current month, the beginning inventory consisted of 482 units that cost $69 each. During the month, the company made two purchases: 719 units at $72 each and 355 units at $74 each. Sheridan Company also sold 1199 units during the month. Using the LIFO method, what is the amount of cost of goods sold for the month?

a. $86663.

b. $84882.

c. $85764.

d. $82731.

Reference no: EM132623131

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