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Assume Milo's Company has the following information for May 2021 May 1 Beginning inventory 400 units at $5 per unit May 5 Purchase 1,200 units

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Assume Milo's Company has the following information for May 2021 May 1 Beginning inventory 400 units at $5 per unit May 5 Purchase 1,200 units at $5.10 per unit May 15 Purchase 2,350 units at $5.25 per unit On May 16 Milo's Company sold 2,400 units for $7 55 each. What is COGS ir Milo's Company uses FIFO method? Select one 0 a $12,000 $12 320 0 $12 120 $12.592.50

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