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27. Grays Company has inventory of 15 units at a cost of $10 each on August 1. OnAugust 3, it purchased 25 units at $9

27. Grays Company has inventory of 15 units at a cost of $10 each on August 1. OnAugust 3, it purchased 25 units at $9 each. 17 units are sold on August 6. Using theFIFO perpetual inventory method, what amount will be reported in cost of goodssold for the 17 units were sold?

a. $75

b. $174

c. $255

d. $168

e. $172

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