Glasgow Enterprises started the period with 70 units in beginning inventory that cost $2.50 each. During the period, the company purchased inventory items as follows. Glasgow sold 380 units after purchase 3 for $10.80 each.

Purchase No. of Items Cost

1 360 $ 3.00

2 120 $ 3.10

3 60 $ 3.50

Glasgow's cost of goods sold under FIFO would be: Multiple Choice

a. $1,330.

b. $950.

c. $1,105.

d. $1,202.