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Biotrek Co uses the perpetual inventory system and FIFO cost flow method, During the year, Biotrek purchased 600 units of inventory that cost $7 each

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Biotrek Co uses the perpetual inventory system and FIFO cost flow method, During the year, Biotrek purchased 600 units of inventory that cost $7 each and then purchased an additional 750 units of inventory that cost $9 each. If Biotreksels 950 units of inventory, what is the amount of cost of goods sold? Multiple Choice $8.550 57350 56650 $8.500

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