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Using FIFO PERIDOIC INVENTORY METHOD Taylor Company had beginning inventory of 10 units at a cost of $20 each on March 1. On March 2,

Using FIFO PERIDOIC INVENTORY METHOD image text in transcribed
Taylor Company had beginning inventory of 10 units at a cost of $20 each on March 1. On March 2, it purchased 10 units at $22 each. On March 6 it purchased 6 units at $25 each. On March 8, it sold 22 units for $54 each. Using the FIFO periodic inventory method, what was the cost of the 22 units sold? $470 $570 $450 $490 $520

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