Bueno Company's purchase and sales transactions for the month of July were as follows: Purchases July 3 (beg. balance) 8,000@ 4.00 16 30 24,000@4.40 6,000@4.75 The company sold 16,000 units on July 22. Assuming that the Bueno keeps perpetual inventory records, July's cost of goods sold on a FIFO basis is 68,800. 106,800. 108,400. O 67,200. Bueno Company's purchase and sales transactions for the month of July were as follows: Purchases July 3 (beg. balance) 8,000@ 4.00 16 30 24,000@4.40 6,000@4.75 The company sold 16,000 units on July 22. Assuming that the Bueno keeps perpetual inventory records, July's cost of goods sold on a FIFO basis is 68,800. 106,800. 108,400. O 67,200.