Item4 Time Remaining 2 hours 20 minutes 58 seconds02:20:58 Item 4 Time Remaining 2 hours 20 minutes 58 seconds02:20:58 McCarthy Company has the following purchases and sales during the month of October. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 11 units that were sold?

Date Activities

Units Acquired at Cost Units

Sold at Retail

October 1 Beginning inventory 8 units @ $200 = $1,600

October 2 Purchase 20 units @ $205 = $4,100

October 4 Sales 11 units sold

Multiple Choice $2,228. $2,200. $2,255. $2,239. $2,215.