Jones Company was formed on December 1, 2019. The following information is
available from Jones' inventory record for Product X.
Date	Description	Quantity (Number of Units)	Unit Cost
January 1, 2020	Beginning Inventory	2,000	$ 5
Purchases:
January 5, 2020	Purchase	3,000	$ 10
January 25, 2020	Purchase	2,500	$ 15
March 15, 2020	Purchase	2,500	$ 9
A physical inventory on March 31, 2020 shows the following amount
of units on hand:	3,000
1. Calculate cost of goods sold at March 31, 2020, using the first-in, first-out