Question 27 of 40 View Policies Show Attempt History Current Attempt in Progress > 0.67/1 Your answer is partially correct. The accounting records of Marin Electronics show the following data. Beginning inventory Purchases 2,520 units at $7 5,880 units at $9 Sales 7,060 units at $12 III Determine cost of goods sold during the period under a periodic inventory system using (a) the FIFO method, (b) the LIFO method, and (c) the average-cost method. Cost of goods sold $ FIFO 58500 $ LIFO Average-cost 61180 $ 59840