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Aiello, Inc. had the following inventory in fiscal 2016. The company uses the FIFO method of accounting for inventory. Beginning Inventory, January 1, 2016: 130

Aiello, Inc. had the following inventory in fiscal 2016. The company uses the FIFO method of accounting for inventory.

Beginning Inventory, January 1, 2016: 130 units @ $15.00

Purchase 200 units @ $18.00

Purchase 50 units @ $13.50

Purchase 110 units @ $15.75

Ending Inventory, December 31, 2016: 120 units

The companys cost of goods sold for fiscal 2016 is:

A) $6,090.00

B) $5305.75

C) $6,157.50

D) $6,045.00

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