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The Hell Depot began 2024 with 22,000 units of inventory on hand. The cost of each unit was $6.00. During 2024 , an additional 42,000

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The Hell Depot began 2024 with 22,000 units of inventory on hand. The cost of each unit was $6.00. During 2024 , an additional 42,000 units were purchased by The Hell Depot at a single unit cost, and 32.000 units remained on hand at the end of 2024(32.000 units therefore were sold during 2024). We know that The Hell Depot uses a perlodic inventory system. Cost of goods sold for 2024 , applying the average cost method, is $225,600. You are hired by the Hell Depol because the company wants to know what cost of goods sold would have been if the FIFO or LIFO methods were used Required: . Determine the cost of goods sold for 2024 using the FIFO method. [Hint: Determine the cost per unit of 2024 purchases.] Note: Do not round intermediate colculations

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