A company has the following purchases and sales during March, Using the FIFO perpetual inventory method, what was the cost of the 22 units sold? Date Activities March 1 Beginning inventory March 2 Purchase Units Acquired at Cost 10 units @ $20 = $200 10 units @ $22 = $220 Units Sold at Retail March 6 Purchase 6 units @ $25 = $150 March 8 Sales 22 units @ $54