Question: use periodic method 4. Use this inventory information for the month of May to answer the following question (5 points) From the chart, you can

use periodic method 4. Use this inventory information for the month

use periodic method

4. Use this inventory information for the month of May to answer the following question (5 points) From the chart, you can see that there were 65 units sold during the month of May. May 1 Beginning inventory 20 units @ $76 7 Purchase 70 units @ $80 18 Sale 25 units 22 Purchase 10 units @ $88 29 Sale 40 units What is cost of goods sold on a FIFO basis? (Show the work) a $2,880 b. $5,120 C. $5,200 d. $2,800

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