Question 4 (2 points) ASD Company January 1 inventory balance 15 units at $350 per unit January 4 purchase 50 units at $375 per unit January 15 sale 40 units at $550 per unit February 8 purchase 180 units at $405 per unit February 15 sale 70 units at $550 per unit What is the cost of goods sold for the two months assuming that Sam's uses the periodic FIFO inventory method? $56,400 $48,900 $38,900 w $42,225 Page 2 of 25