using fifo basis

During July, the following purchases and sales were made by Phast Company. There was no beginning inventory. Phast Company uses a perpetual inventory system. Purchases Sales July 3 40 units @ $14 July 13 50 units 11 40 units @ $15 22 20 units 20 20 units@ $16 Under the FIFO method, the cost of goods sold for each sale is: (LO 5) July 13 July 22 Seleccione una: O a. $280 O b. $320 $300 C $300 O d. $700 $800 $710 $750 15 Show a