During July, the following purchases and sales were made by Big Dan Company. There was no beginning inventory. Big Dan Company uses a perpetual inventory system. Purchases Sales July 3 40 units @ $12 July 13 50 units 11 40 units @ $13 22 20 units 20 20 units @ $15 Under the FIFO method, the cost of goods sold for each sale is: July 13 July 22

Answer

		$600 $240
		610 260
		650 260
		750 300