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11 TB MC Qu. 05-137 (Algo) A company has... A company has the following purchases and sales during March. Using the FIFO perpetual inventory

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11 TB MC Qu. 05-137 (Algo) A company has... A company has the following purchases and sales during March. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold? Date: 1 Activities points March 1 March 2 March 6 Beginning inventory Purchase March 8 Purchase Sales Units Acquired at Cost- 10 units @ $30 = $300 10 units @ $32 = $320 6 units @ $35 = $210 Units Sold at Retail 22 units @$64 eBook Ask Print Multiple Choice References $690 O $720 O $660 $830 $760

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