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Arman Company had the following balances and transactions during May 2020: Units Unit Price Amount May 1 Beginning Balance 60 units $100 per unit $6,000

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Arman Company had the following balances and transactions during May 2020: Units Unit Price Amount May 1 Beginning Balance 60 units $100 per unit $6,000 8 Purchased 40 units $110 per unit $4,400 16 Issued (Used) 30 units Using First In, First Out (FIFO) method, calculate the cost of materials used. $6.000 B $3.000 $3,300 $10.400

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