A company began 2024 with 14,000 units of inventory on hand. The cost of each unit was $4.00. During 2024, an additional 34,000 units were purchased at a single unit cost, and 24,000 units remained on hand at the end of 2024 (24,000 units therefore were sold during 2024). The company uses a perlodic inventory system. Cost of goods sold for 2024, applying the average cost method, is $136,800. The company is interested in determining what cost of goods sold would have been if the FIFO or LIFO methods were used. equired: Determine the cost of goods sold for 2024 using the FIFO method. [Hint: Determine the cost per unit of 2024 purchases.] ote: Do not round intermediate calculations