28 The Laurel Corporation starts the year with a beginning inventory of 350 units at $10 per unit. The company purchases 525 units at $14 each in February and 300 units at $11 each in October. Laurel sells 175 units during the year. Laurel uses a periodic inventory system and the FIFO inventory costing method. What is the amount of cost of goods sold? 01:31:06 Multiple Choice $2,450 $1,959 $1,750 $1,925