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Grays Company has inventory of 19 units at a cost of $7 each on August 1. On August 3, it purchased 29 units at $9

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Grays Company has inventory of 19 units at a cost of $7 each on August 1. On August 3, it purchased 29 units at $9 each. 21 units are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 21 units that were sold? Multiple Choice $151. $157. $128. $155. $399

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