ACC- Rick Company’s beginning inventory and purchases ACC- Rick Company’s beginning inventory and purchases Question Rick Company’s beginning inventory and purchases during the fiscal year ended December 31, 2012, were as follows: (Note: The company uses a perpetual system of inventory.)Units Unit Price Total CostJanuary 1—Beginning inventory 18 $24 $432March 12—Sold 13April 11—Purchase 45 $29 $1,305June 20—Sold 33Aug 16—Purchase 35 $27 $945Sept 11—Sold 29Total Cost of InventoryEnding inventory is 23 units. $2,682What is the cost of goods sold for Rick Company for 2012 using LIFO?