Use this information to answer the following question. 
A periodic inventory system is used.
Cost of goods sold under FIFO is
Definitions:
Discrimination
Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.
Young Society
A population characterized by a significant proportion of young individuals, often indicating high fertility rates and potential for rapid growth.
Rich Countries
Nations characterized by a high level of economic productivity, wealth, and standard of living for their citizens.
United States
A country located primarily in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.
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