ABC Company has the following information:

Transaction	Units	Unit cost
Beginning inventory	1000	20
Purchase 1	2500	25
Purchase 2	3500	26
Purchase3	3000	27

Units sold 5500

Required:

1-Choose the best answer:

The cost of goods sold according to FIFO method equal:

A-$30000

B-$60000

C-$40000

D-None of the above

2-Compute the cost of goods available