The accounting records of Teal Mountain Company show the following data. The beginning inventory had a unit cost of $3. Date, May May 9 (900 $4) $3,600 May 13 1 (a) Purchases Sold 4,100 Cost of goods sold during the period 5,000 900 Determine the cost of goods sold during the period using the perpetual inventory system using FIFO method. (Round answer to O decimal places, e.g. 1,250.) FIFO

Determine the cost of goods sold during the period using the perpetual imventory system using FIFO method. (Round answer to 0 declmal places, e.s. 1.250