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Given the following data, calculate cost of goods sold using the FIFO costing method. Date 1/1 2/25 5/20 8/15 10/17 12/31 Item Beginning inventory Purchase

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Given the following data, calculate cost of goods sold using the FIFO costing method. Date 1/1 2/25 5/20 8/15 10/17 12/31 Item Beginning inventory Purchase of inventory Purchase of inventory Purchase of inventory Purchase of inventory Ending inventory Unit 32 units at $11 per unit 17 units at $12 per unit 30 units at $14 per unit 15 units at $16 per unit 12 units at $17 per unit 30 units O A. $934 OB. $1,172 O C. $1,550 OD. $1,130

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