Multiple Choice $252 $256 $227 $251 $272

A company has the following purchases and sales during February. Using the FIFO periodic inventory method, what is the cost of the 12 units that are sold? Date February 1 February 3 February 5 Multiple Choice Activities Beginning inventory Pu rchase Sales Units Acquired at Cost 10 units @ $21 = $210 2 units @ $23 = $460 Units Sold at Retail 12 units sold O O O O O $252 $256 $227 $251 $272