Inventory records for Eliza Company revealed the following: Date Transaction Number of Units Unit Cost March 1 Beginning Inventory 1,000 $ 7.20 March 10 Purchase 600 7.25 March 16 Purchase 800 7.30 March 23 Purchase 600 7.35 Eliza sold 2,300 units of inventory during the month. Cost of goods sold assuming FIFO would be:

Multiple Choice

a/ $16,760

b/ $16,540

c/ $16,660

d/ $16,800. Incorrect