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For the following questions, assume the Page Company had the following inventory information for the month of January:
January 1, Beginning Inventory of 20 units at $160 per unit
January 5, purchased 10 units at $170 per unit
January 15, purchased 30 units at $180 per unit
January 23, purchased 40 units at $200 per unit
January 31, Ending Inventory of 45 units
If Page Company uses LIFO, the Cost of Goods Sold would be:
| $7,600 |
| | $9,400 |
| | $10,065 |
| | $10,700 |
| | None of the above |
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