TB MC Qu. 05-137 (Algo) A company has... A company has the following purchases and sales during March. Using the FIFO perpetual inventory method, what was the cost of the 22 units sold? Date March 1 March 2 Activities Beginning inventory Units Acquired at Cost Units Sold at Retail Purchase March 6 Purchase 10 units $35 = $350 10 units @$37 = $370 6 units @ $40 $240 March 8 Sales 22 units @ $69 Multiple Choice