Based on journal entries below for 2015 and 2016, what is Assets total in 2016? Apply FIFO. 2015 2016 You contributed $100 cash to start business You purchased 6 products @ $10, with A/P You sold 4 products @$30 with cash Record COGS (FIFO) You contributed $60 cash to your business You purchased 2 products @ $15, with Cash You sold 3 products @$40 with AR Record COGS (FIFO) You paid $30 to your supplier. You received $50 from your customer