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Glasgow Enterprises started the period with 80 units in beginning inventory that cost $2.70 each. During the period, the company purchased inventory items as follows.
Glasgow Enterprises started the period with 80 units in beginning inventory that cost $2.70 each. During the period, the company purchased inventory items as follows. Glasgow sold 270 units after purchase 3 for $10.90 each.
Purchase | No. of Items | Cost |
1 | 250 | $ 3.20 |
2 | 110 | $3.30 |
3 | 60 | $3.70 |
Glasgow's cost of goods sold under FIFO would be:
A) $729
B) $824
C) $999
D) $915
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