Question 2 of 10 > View Policies Current Attempt in Progress Cullumber Inc. uses the FIFO cost formula in a perpetual inventory system. Jul 1 Beginning inventory Jul 7 Purchases Jul 8 Sales Jul 9 Sales Jul 10 Purchases Jul 22 Sales 45 units @ $44 per unit 95 units @ $70 per unit 75 units 50 units 75 units @ $47 per unit 65 units The cost of goods sold for the July 8 sale was O $4139 $4125 $4080 $4050