Grays Company has the following purchases and sales during the month of August. Using the HFO perpetual inventory method, whidl amount will be reported as cost of goods sold for the 12 units that were sold? Date Activities August 1 August 31 August 6 Beginning inventory Purchase Sales Units Acquired at Cost 10 units @ $34 = $340 20 units @ $36 Units Sold at Retail $720 12 units sold Multiple Choice $360 $392