Required information [The following information applies to the questions displayed below.] The Hell Depot began 2024 with 25,000 units of inventory on hand. The cost of each unit was $6.00. During 2024, an additional 45,000 units were purchased by The Hell Depot at a single unit cost, and 35,000 units remained on hand at the end of 2024(35,000 units therefore were sold during 2024). We know that The Hell Depot uses a periodic inventory system. Cost of goods sold for 2024 , applying the average cost method, is $241,500. You are hired by The Hell Depot because the company wants to know what cost of goods sold would have been if the FIFO or LIFO methods were used. equired: Determine the cost of goods sold for 2024 using the FIFO method. (Hint: Determine the cost per unit of 2024 purchases.) lote: Do not round intermediate calculations