Sales were made at a cost of $101 dollars per unit. April 1 July 24 Totals Beginning inventory Purchased 70 units @ 60 100 units @ 85 170 units 4,200 8,500 12,700 May 22 June 27 Total 63 units 5 units 68 units FIFO Perpetual Cost of Goods Sold Ending Inventory Gross Profit