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During 2019, KB Toys, which began business in October of that year, purchased 11,000 units of a toy at a cost of 10 per unit
During 2019, KB Toys, which began business in October of that year, purchased 11,000 units of a toy at a cost of 10 per unit in October. The toy sold well in October. In anticipation of heavy December sales, KB purchased 5,000 additional units in November at a cost of 11 per unit. During 2019, KB sold 12,000 units at a price of 15 per unit. Under the first in, first out (FIFO) method, what is KBs cost of goods sold for 2019
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