A company had the following purchases during its first year of operations January March Purchases 30 units at $30 Sales 35 units at $50 May 42 units at $60 The company uses FIFO method to determine its cost of inventory What is the cost of goods sold in May? 6 What is the total cost of goods purchased during the year? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIVS Paragraph Arial v 10pt A 7 Click Save and Submit to save and submit. Click Save All Answers to save all answers. Save All AcpAGES