Multiple Choice Question 114 Vaughn Manufacturing uses the periodic inventory system. For the current month, the beginning inventory consisted of 600 units that cost $68 each. During the month, the company made two purchases: 300 units at $71 each and 600 units at $73 each. Vaughn Manufacturing also sold 900 units during the month. Using the FIFO method, what is the amount of cost of goods sold for the month? $63540 $62100 $61200 $65100