c Search mentals of Financial Accounting - Phillips, Libby, Libby, 6e, Inventory and Cost of Goods Sold Beginning Inventory consists of 4 items at $10 each. During the month, the company purchased 3 items for $11 each and it sold 3 items. Using first-in, first-out, Cost of Goods Sold equals Click the answer you think is right. $31 (rounded to the nearest dollar) an indeterminable amount given the specific items sold was not identified $33 $31.50 $30 Do you know the answer? D Read about the I know it Think so Unsure No Idea 38 items len