14. Given the following information, determine the cost of goods sold for December 31 using the FIFO perpetual
inventory method.
December 2: 5 units were purchased at $7 per unit.
December 9: 10 units were purchased at $9.40 per unit.
December 11: 12 units were sold at $35 per unit.
December 15: 20 units were purchased at $10.15 per unit.
December 22: 18 units were sold at $35 per unit.
c. $297.00
d. $210.30
a. $281.25
b. $282.15