Beginning Inventory and Purchases Purchased Units Unit Cost Total Cost Beginning Inventory 115 $11 $1,265 May 125 $12 $1,500 June 65 $13 $845 July 20 $15 $300 Units Available for Sale 325 $3,910 Ending Inventory Units on Hand 165 Cost of Units on Hand $ Units Sold in August 160 Cost of Goods Sold Compute the correct Cost of Goods Sold in August using the FIFO method, based on the information above