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

Beginning Inventory, January 1: 260 units @ $15.00 Purchase 400 units @ $18.00 Purchase 100 units @ $13.50 Purchase 220 units @ $15.75 Ending Inventory, December 31: 240 units

The companys cost of goods sold for its fiscal year is:

Select one:

a. None of these are correct.

b. $12,135.00

c. $10,611.50

d. $12,180.00

e. $12,315.00