Remaining Time 55 minutes, 25 seconds. Question Completion Status: QUESTION 6 A company had the following purchases during its first year of operations January March Purchases 30 units at $40 Sales 35 units at $20 May 42 units at $60 v 10pt The company uses FIFO method to determine its cost of inventory What is the cost of goods sold in May? What is the total cost of goods purchased during the year? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac) BIUS Paragraph Arial > !!! Click Save and Submit to save and submit. Click Save All Answers to save all answers. > !!! Av