Kleso, Intermedlate Accounting, 16e Help I System Announcements 08:18 PM/ Remaining 6min. CALCuLATR PRINTE VERSION BACK Multiple Choice Question 114 Coronado Industries uses the periodic inventory system. For the current month, the beginning inventory consisted of 400 units that cost $65 each. During the month, the company made two purchases: 700 units at $68 each and 600 units at $70 each. Coronado Industries also sold 1000 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month? $65000. o $66800. o $70100. o $68000 Click if you would like to Show Work for this question: pen Show Work Question Attempts: 0 of 1 used