Hanton Inc just starting a business made the following three inventory purchases in February:

Feb. 1 225 units $ 1,350

Feb. 10 400 units 2,800

Feb. 28 100 units 800

$ 4,950

On Feb 15, there were 300 units sold. The company uses a perpetual inventory system. Using the FIFO inventory cost formula, the amount allocated to the cost of goods sold for the February 15 sale is

a.

$ 1,875.

b.

$ 1,525.

c.

$4,000.

d.

$4,205