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Picasso's Paints had the following inventory data: Unit Cost $54 $58 Date July 1 July 4 July 7 July 11 July 14 Beginning inventory Purchase

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Picasso's Paints had the following inventory data: Unit Cost $54 $58 Date July 1 July 4 July 7 July 11 July 14 Beginning inventory Purchase Sale Purchase Sale Quantity 5 10 12 9 8 $55 Assuming FIFO, what is the cost of goods sold for the July 7 sale? O A. $680 O B. $676 OC. $688 OD. $648

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