. ... ... .

Benny's Beach Chairs sells a variety of chairs with a different colors and options. It's most popular modelled the King our which includes avec with a cup holder. Due to the increasing popularity of the King Neptune during the summer months, the cost to purchase the chairs vies taily throughout the cost information is available for the King Neptune chair Date Description Units Unit Cost Total 21 Beginning inventory 100 $12 $1.200 2/5 Purchase 200 $13 $2600 7/14 Purchase 400 515 $6.000 17/20 Purchase 200 516 $11.200 Total 1.400 $21.000 Assume Benny's uses the FIFO Cost flow assumption and sells 1.200 chales during July. The dollar amount assigned to cost of goods sold at 7/31 would be $18,500 $17.800 $3,200 $3.000