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Coronado Industries uses the periodic inventory system. For the current month, the beginning inventory consisted of 488 units that cost $65 each. During the month,
Coronado Industries uses the periodic inventory system. For the current month, the beginning inventory consisted of 488 units that cost $65 each. During the month, the company made two purchases: 721 units at $68 each and 361 units at $70 each. Coronado Industries also sold 1202 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month? $82098. $80272. $81171. $78130
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