Burton Company had the following activity with Product X during the month of July July 7 - One unit purchased for $141 July 15 - One unit purchased for $147 July 17. One unit purchased for $162 On July 20, Burton sells on unit for $185 Burton Company uses the first undirst-out inwentory method, what amount of Cost of Goods Sold will the company record on this state? a $141 b $162 c. $150 Od $147 QUESTION 17 Burton Company had the following activity with Product X during the month of July July 7. One unit purchased for $141 July 15 - One unit purchased for $147 July 17. One unit purchased for $162 On July 20, Burton sells one unit for $185. If Burton Company unes the first in, first-out inventory method, what amount of gross profit will the company report for this tale? a $38 b $23 $35 d $44 QUESTION 18