12 11.125 Mel Company uses the periodic inventory method and had the following inventory Information 1/1 Beginning inventory 1/20 Purchase 7/25 Purchase 10/20Purchase Units Unit Cost Total Cost 100 $4 $400 400 55 $2,000 200 52 $1,400 300 $8 $2.400 Total 1.000 $6.200 A physical count of inventory on 12/31 revealed there were 300 units on and meaning 700 were sold). Assume the company uses the mother assigned to Cost of Goods Sold is $3,600 $3.720. $1.860 $4,340