Periodic Inventory-FIFO Carla Company uses the perpetual inventory system. The following information is available for January of the current year when Carla sold 1,600 units of inventory on January...

Periodic Inventory-FIFO

Carla Company uses the perpetual inventory system. The following information is available for January of the current year when Carla sold 1,600 units of inventory on January 14.

Using the FIFO method, calculate Carla's cost of goods sold for January and its January 31 inventory.