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QUESTION 25 The inventory data for an item for May are: May 1 May 6 May 8 May 16 May 20 Balance Sale Purchase Sale

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QUESTION 25 The inventory data for an item for May are: May 1 May 6 May 8 May 16 May 20 Balance Sale Purchase Sale Purchase 25 units at 350 20 units 20 units at $51 10 units 20 units at $52 Using the perpetual system, costing by the first in, first-out method, what is the cost of the merchandise sold? O A $1,500 OB. $1.505 O C.$1,510 O D.51.515

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