Stokes Corp. (SC) is a retailer of office equipment. The company uses a periodic inventory system and on October 1 had 2,000 units of inventory with a total cost of $40,000. Oct 10, SC purchased 1,000 units for $22,000. Oct 15, SC sold 2,600 units at $40 per unit. What is the cost of goods sold for Oct 15 sales if SC is using FIFO? A 40,000 B 53,200 13,200 104,000