5 3 points 03 Grays Company has the following purchases and sales during the month of August. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 12 units that were sold? Date August 1 Units Acquired at Cost Activities 01:58:22 Beginning inventory 10 units @ $36 = $360 August 3 Purchase 20 units @ $38 = $760 August 6 Sales Multiple Choice $416. $452. $380. $436. $414.