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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?

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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 Units Acquired at Cost Units Sold at Retail March 1 Beginning inventory 10 units @ $37 - $370 March 2 Purchase 10 units & $39 - $390 March 6 Purchase 6 units e $42 - $252 March 8 Sales 22 units @ $71 Multiple Choice $1,012 $881 $844 $807 Multiple Choice O $1,012 O O $881 $844 $807 $928

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