60 Seved A company's Inventory records Indicate the following data for the month of April: Date April 1 Activities Beginning inventory April 7 Purchase Units Acquired at Cost 700 units $36 - $25,200 580 units $40 - $23,200 Units Sold at Retail April 11 Sale 1,000 units $110 April 16 Purchase 500 units $44 - $22,000 April 22 Sale 400 units $110 April 29 Purchase 480 units $50-$24,000 Question 32-Test2-Ch4-6-Connect If the company uses the first-in, first-out (FIFO) method and the periodic inventory system, what is the value of cost of goods sold? Multiple Choice $40720 $62,800 $35.922 $53,000 Help Save & Exit Su