QUESTIONS A company acquired inventory from February through June per the schedule below. Based on the schedule, what was the cost of goods sold using the FIFO inventory valuation method if the company sold 475 units? # of units purchased per unit cost total cost Beginning Purchase 2/1 90 12 1,080 Purchase 3/1 105 14 1,470 Purchase 4/1 115 15 1,725 Purchase 5/1 125 2,1 17 25 Purchase 6/1 130 18 2,340 Avail for Sale Units Sold 565 475 8,740 56.400 57.030 57.640