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The Laurel Corporation starts the year with a beginning inventory of 370 units at S12 per unit. The company purchases 535 units at $18 each

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The Laurel Corporation starts the year with a beginning inventory of 370 units at S12 per unit. The company purchases 535 units at $18 each in February and 340 units at $13 each in October. Lourel sells 185 units during the year. Laurel has a periodic Inventory system and uses the FIFO inventory costing method. What is the amount of cost of goods sold? Multiple Choice $3.30 $2,439 O 52.220 52.405

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