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ABC Corporation has the following inventory information for March, 2019: ...

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Accounting

ABC Corporation has the following inventory information for March, 2019:

Units $ Unit cost $ Total Cost
Beg. Inv. 2,400 10.50 25,200
Purchase 1 3,800 10.75 40,850
Purchase 2 1,900 11.00 20,900
Purchase 3 2,300 11.25 25,875
Total 10,400 112,825


On March 31, ABC has 2,500 units in ending inventory. Using the periodic LIFO (last-in, first-out) method, what is Cost of goods sold (COGS) for March ?

a.

$84,700
b.

$86,575
c.

$84,750
d.

$86,550

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