QuestionCost of Goods Sold for July 31Inventory Balance at July 31Using FIFO, the cost of goods sold for the sale of 23 units on July 31 and the inventory balance at July 31 is _____.

select$1,420$2,600 $2,685$2,622

select$1,260$1,368$1,420$2,600

Using LIFO, the cost of goods sold for the sale of 23 units on July 31 and the inventory balance at July 31 are _____.

select$1,260$2,600$2,685$2,622

select$1,420$1,260$1,368$2,685

Using weighted average, the cost of goods sold for the sale of 23 units on July 31 and the inventory balance at July 31 are _____.

select$1,368$2,600$2,685$2,622

select$1,368$1,420$1,260$2,622