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May 1 Beginning inventory 150 units @ $30 per unit 12 Purchased 16 Sold 24 Purchased 100 units @ $35 per unit 180 units. 170

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May 1 Beginning inventory 150 units @ $30 per unit 12 Purchased 16 Sold 24 Purchased 100 units @ $35 per unit 180 units. 170 units @ $38 per unit Calculate the cost of goods sold for the May 16 sale using (a) first-In, first-ou the welghted-average cost methods. Round your final answers to the neare A. First-in, First-out: Cost of Goods Sold:$ B. Last-in, first-out: Cost of Goods Sold $ C. Weighted-average cost: Cost of Goods Sold

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