3. Fischer, Inc. had the following inventory in fiscal 2013. The company uses the FIFO method of accounting for inventory.

Beginning Inventory, January 1, 2013: 130 units @ $10.00

Purchase 200 units @ $12.00

Purchase 50 units @ $9.00

Purchase 110 units @ $10.50

Ending Inventory, December 31, 2013: 120 units

The companys cost of goods sold for fiscal 2013 is:

A) $4,060

B) $4,045

C) $4,105

D) $5,305

E) None of the above