Assume OverlandOverland.com began April with 16 units of inventory that cost a total of $ 256. During April, OverlandOverland.com purchased and sold goods as follows:

	.Apr.	8		Purchase	48 units @ $ 17
		14		Sale	40 units @ $34
		22		Purchase	32 units @ $ 19$19
		27		Sale	48 units @ $34

Under the FIFO inventory costing method and the perpetual inventory system, how much is OverlandOverland.com's cost of goods sold for the sale on April 14?

A. $ 1072

B.$ 664

C. $ 680

D.$ 1360

2.

The periodic inventory records of Synthetix Prosthetics indicate the following for the month of July: (Click the icon to view the inventory records.) At July 31, Synthetix counts four units of inventory on hand. Compute ending merchandise inventory and cost of goods sold for Synthetix using the FIFO inventory costing method. FIFO Cost Ending Merchandise Inventory Cost of Goods Sold i Data Table Jul. 1 Beginning merchandise inventory 8 Purchase 15 Purchase 26 Purchase 8 units 15 units 15 units 12 units @ $25 each @ $ 20 each @ $32 each @ $ 35 each Print Done