Glasgow Enterprises started the period with 80 units in beginning inventory that cost $1.90 each. During the period, the company purchased inventory items as follows. Glasgow sold 265 units after purchase 3 for $10.20 each.

Purchase	Number of Items	Cost
1	400	$ 2.40
2	100	2.50
3	60	2.90

If the company uses the FIFO cost flow method, Glasgow's cost of goods sold would be:

Multiple Choice

• $504.

• $687.

• $596.

• $769.