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Below is the inventory report for the month of February 2018 for Towel Inc. Unit Total Date Units Cost Cost Beginning Inventory 9 $18 $162

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Below is the inventory report for the month of February 2018 for Towel Inc. Unit Total Date Units Cost Cost Beginning Inventory 9 $18 $162 February 3 Purchase 16 $16 $256 February 7 Purchase 18 $17 $306 11 N/A February 9 Sale February 12 Sale 10 N/A February 19 Purchase 6 $21 $126 February 24 Purchase 8 $20 $160 22 N/A February 27 Sale February 28 Purchase 18 $12 $216 If this company uses the perpetual FIFO method, what is cost of goods sold for the month of February? Select one: O a $788 O b. $704 OC. $724 Od. $502

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