Following are the ABC Manufacturing Co. inventory records for the month of July. The company used perpetual inventory system and FIFO cost formula. Unit Total Date Explanation Units Cost Cost 1 Beginning inventory 6000 $5 $30000 10 Purchases 12000 $8 $96000 14 Sales (12000) 18 Purchases 5000 $10 $50000 20 Sales (5000) Calculate the Cost of Goods Available for sale. O $156,000 $126,000 O $30,000 $176,000