A company has the following purchases and sales during February. Using the FIFO periodic inventory method, what is the cost of the 12 units that are sold? Date February 1 February 3 February 5 Sales Multiple Choice $276 $280 $245 $273 Activities Beginning inventory Purchase Units Acquired at Cost 10 units @ $23 = $230 20 units @ $25 = $500 Units Sold at Retail 12 units sold

A company has the following purchases and sales during February Using the FiFO periodic inventory method, what is the cost of the 12 units that are. sold? Multiple Choice 3276 $200 $245 5273