Enabled: Midterm #$2($Chapters $4-6)$ i

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A company has the following purchases and sales during February. Using the FIFO periodic inventory method, what is the cost of the $12$ units that are sold?

$\backslash$table$[[$Date$,$Activities,Units Acquired at Cost,Units Sold at Retail$],[$February $1,$Beginning inventory,$10$ units @$$30=$$$300,],[$February $3,$Purchase,$20$ units @$$32=$$$640,],[$February $5,$Sales,,$12$ units sold$]]$

Multiple Choice

$$360$

$$364$

$$308$

$$350$

$$380$