#36 A company has inventory of 10 units at a cost of $10 each on June 1. On June 3, they purchased 20 units at $12 each. 12 units are sold on June 5. Using the FIFO periodic inventory method, what is the cost of the 12 units that were sold?

A. $120

B. $124

C. $128

D. $130

E. $140

\#36 A company has inventory of 10 units at a cost of $10 each on June 1 . On June 3 , they purchased 20 units at $12 each. 12 units are sold on June 5 . Using the FIFO periodic inventory method, what is the cost of the 12 units that were sold? A. $120 B. $124 C. $128 D. $130 E. $140