Jone Company uses the periodic inventory system. For May 2011, the beginning inventory consisted of 6,000 units that cost $12 each. During the month, the company made two purchases: 4,000 units at $13 each on May 15, and 2,000 units at $16 each on May 23. Jone sold 8,000 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month of May 2011?; Select one: $98,000. $52,000 $58,000. $104,000