no handwritings

2) Grand Forks Enterprises sells toy airplanes to retailers such as K-Mart and Wal-Mart Informati inventory is contained in the table below. The company uses a FIFO perpetual inventory system. Number of Units Unit Cost Total Cost Beginning inventory Sale 2,000 (1,200) 4,000 (2,500) 5,000 (6,000) $4,000 $9,000 $12,000 $2.00 ase $2.25 Sale Purchase Sale $2.40 Determine the cost of goods sold. (7 points)