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In the month of March, Green Meteor Co. had the following inventory information and transactions: March 1 Beginning Inv. 200 Units @ $70 per unit

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In the month of March, Green Meteor Co. had the following inventory information and transactions: March 1 Beginning Inv. 200 Units @ $70 per unit March 2 Purchased 84 Units @ \$65 per unit March 3 Purchased 220 Units @ \$49 per unit March 5 Sold 300 Units March 8 Sold 100 Units March 15 Purchased 700 Units @ $44 per unit March 17 Purchased 240 Units @ \$41 per unit March 25 Sold 55 Units March 31 Sold 120 Units For part 6 of this question, what would the Cost of Goods Sold in dollars be for the month of March if the FIFO method is used in the perpetual system of inventory management? a) $31,275 b) $33,364 c) $31,858 d) $28,224 e) $28,971

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