13 1 points A company has the following purchases and sales during February. Using the FIFO periodic Inventory method, what is the cost of the 12 units that are sold? Date Activities Units Acquired at cost Units sold at Retail February 1 Beginning inventory 1e units @ $28 = $280 February 3 Purchase ze units @ $30 = 5600 February 5 Sales 12 units sold eBook Multiple Choice References $336 $340 $290 $320 S356 TB MC Qu. 05-161 (Algo) Salmone Company reported... 14 Salmone Company reported the following purchases and sales for its only product. Salmone uses a perpetual Inventory system. Determine the cost assigned to cost of goods sold using LIFO. Units sold at Retail 1 points Date May 1 May 5 May 10 May 15 May 24 Activities Beginning inventory Purchase Sales Purchase Sales Units Acquired at cost 164 units @ $10 = $ 1,640 234 units @ $12 = $ 2,808 154 units @ $20 114 units @ $13 = $ 1,482 Book 184 units @ $21 Print Multiple Choice References o $3.210 $2.600 O $2.730 O $3,200 O $3.330