Question: Using the FIFO method and the information in this image, what is the Cost of Units on Hand and Cost of Goods Sold during

Using the FIFO method and the information in this image, what isthe Cost of Units on Hand and Cost of Goods Sold during 

Using the FIFO method and the information in this image, what is the Cost of Units on Hand and Cost of Goods Sold during this period? Purchased Beginning Inventory May June July Beginning Inventory and Purchases Units Unit Cost $2 $4 $3 $5 Units Available For Sale Units on Hand Units Sold 15 16 20 12 63 Ending Inventory 21 42 Cost of Units on Hand Cost of Goods Sold Total Cost $30 $64 $60 $60 $214

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