Answer:
d. $169,200
Explanation:
Total units available for sales = Beginning units + Purchases = 10,000 + 9,000 + 6,000 = 25,000 units
Number of units sold = Total units available for sales - Ending units = 25,000 - 4,000 = 21.000 units
Using LIFO method, cost of good sold can be calculated as follows:
Cost of good sold = (6,000 × $7.00) + (9,000 + 8.00) + (6,000 × $9.20) = $42,000 + $72,000 + $55,200 = $169,200.
Therefore, the cost of goods sold under the LIFO method is $169,200.
