nits are sold on August 6. Using the FIFO perpetual inventory method, what amount will be reported as cost of goods sold for the 26 units that were sold? Grays Company has inventory of 24 units at a cost of $12 each on August 1. On August 3, it purchased 34 units at $10 each. 26 Multiple Cholce O $308. $314 5624 O $52. O $312