A company has net sales of $897000 and cost of goods sold of $595.000 its net income is $107300. The company's gross margin and operating expenses respectively, are Multiple vice $302.000 and $401300 $302.000 and $14.700 2.000 and $107.300 594,700 and 32.100 1702,300 4700 A company's inventory records report the following: August! Augusts August 12 Beginning balance Purchase Purchase 20 units @ $10 15 units @ $9 19 units @ $10 On August 15, it sold 40 units. Using the FIFO perpetual inventory method, what is the value of the inventory at August 15 after the sale? 38 Multiple Choice $756 $140 $490