11 A company had the following purchases during its first year of operations: January March Purchases 30 units at $30 Sales 35 units at $50 May 42 units at $60 The company uses FIFO method to determine its cost of inventory. a What is the cost of goods sold in May? b. What is the total cost of goods purchased during the year? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial 10pt !!! Al < 7 < I XO