The activity for a specific inventory item for the month of March was as follows: # of Per Unit Total Units Cost Cost October 1 inventory 30 S28 $840 Purchases: October 5 100 30 3,000 October 13 60 32 1,920 October 15 90 36 3,240 Goods Available for Sale 280 $9.000 Sales: October 8 110 October 22 120 230 Using first-in, first-out (FIFO) under a periodic inventory system, what is the balance of Cost of Goods Sold for month ended October 312 Assuming physical count indicates that the ending balance of Inventory is $1,680. O $7,360 $7,300 $7,280 $7,320 $ The activity for a specific inventory item for the month of March was as follows: #of Per Unit Total Units Cost Cost October 1 inventory 30 $28 $840 Purchases: October 100 30 3,000 October 13 60 32 1,920 October 15 20 36 3,240 Goods Available for Sale 280 $2,000 Sales: October 8 110 October 22 120 230 Using weighted average cost under a perpetual inventory system, what is the amount of Cost of Goods Sold (round intermediate and final calculations to the nearest dollar) recorded on October 8? $3,900 $3,300 $3,410 O $4,030 The activity for a specific inventory item for the month of March was as follows: #of Per Unit Total Units Cost Cost October I inventory 30 $28 $840 Purchases: October 5 100 30 3,000 October 13 60 32 1,920 October 15 90 36 3.240 Goods Available for Sale 280 $9.000 Sales: October 8 110 October 22 120 230 Using first-in, first-out (FIFO) under a perpetual inventory system, what is the balance of Cost of Goods Sold for month ended October 31? $6,440 $6,900 $7,440 $7,200