Question 2 During July, the following purchases and sales were made by Martine Company. There was no beginning inventory. Martine Company uses a perpetual inventory system. Accounting Transactions Date Purchases Date Sales July 3 50 units @ $10 July 13 78 units 11 50 units @ $11 22 21 units 20 21 units @ $13 Under the FIFO method, the cost of goods sold for the sale is: (Hint: Make sure to list all transactions in chronological order.) $1,103 O $1,287 O $1,039 $860 O $1,089 16 pts