K Suppose a division of ABC Building Products Inc. has these inventory records for January 2020: (Click the icon to view the inventory records.) Operating expense for January was $1,870, and the 316 units sold on January 24 generated sales revenue of $6,952. Requirements Inventory records Sales revenue Cost of goods sold: Beginning inventory Purchases Cost of goods available for sale Ending inventory Cost of goods sold Gross profit Month Ended January 31, 2020 FIFO Operating expenses Operating income 112 309 316 6952 Date Jan. 1 Jan. 6 Jan. 21 Jan. 24 Jan. 27 Item Beginning inventory Purchase Purchase Sales Purchase Print Quantity Unit Cost 112 units 58 units 156 units 316 units 95 units Done $ 10 12 13 15