Key West Group Ltd. Inventory Information For January 2017 Numbers of units Price paid per unit Purchase January 1st 500 $50 Purchase January 15th 1,000 $60 Purchase January 25th 2,000 $70 ***There were no units on hand at the beginning of January 2017. On January 31st, 2017. Key West Group sold 1,500 units of inventory at $100 each to customers. Calculate cost of goods sold using FIFO. 20 A company with net sales of $500,000, a beginning balance of net receivables of $80,000, and an ending balance of net receivables of $90,000 has a collection period of