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ASAP RJ Corporation has provided the following information about one of its inventory items: Date Transaction Number of Units Cost per Unit 1/1 Beginning Inventory

ASAP

RJ Corporation has provided the following information about one of its inventory items:

Date

Transaction

Number of Units

Cost per Unit

1/1

Beginning Inventory

400

$3,200

6/6

Purchase

800

$3,600

9/10

Purchase

1,200

$4,000

11/15

Purchase

800

$4,200

During the year, RJ sold 3,000 units.

What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system?

A.

$11,480,000.

B.

$11,590,000.

C.

$11,680,000.

D.

$11,550,000.

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