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Assume Bargain.com began July with 16 units of inventory that cost a total of $240 During July. Bargain.com purchased and sold goods asfollows Purchase 48
Assume Bargain.com began July with 16 units of inventory that cost a total of $240 During July. Bargain.com purchased and sold goods asfollows Purchase 48 units @ $16 40 units @ $32 Purchase 32 units @ $18 Sale48 units @$32 Jul. 8 14 Sale 22 27 Under the FIFO inventory costing method and the perpetual inventory system, how much is Bargain.coms cost of goods sold for the sale on July 14? OA. $640 B. $1,008 O C. $1,280 O D. $624
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