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UNIT 3 - CHALLENGE 2: Invent Purchased Units Unit Cost Total Cost 80 1st Purchase 2nd Purchase 3rd Purchase $73 $76 100 $5,840 $7,600 $8,970

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UNIT 3 - CHALLENGE 2: Invent Purchased Units Unit Cost Total Cost 80 1st Purchase 2nd Purchase 3rd Purchase $73 $76 100 $5,840 $7,600 $8,970 $22,410 115 $78 295 Units Available For Sale Ending Inventory Units Sold Units on Hand 200 95 $ Cost of Goods Sold $ Using the FIFO method and the information in this image, what is Units on Hand and Cost of Goods Sold during this period? a.) Units on Hand: $6,935 Cost of Goods Sold: $15,475

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