Lowell Inc. had the following inventory in fiscal 2012. The company uses the FIFO method of accounting for inventory.

Beginning Inventory, August 1, 2011: 140 units @ $19.50 Purchase 300 units @ $19.00 Purchase 50 units @ $20.00 Purchase 120 units @ $20.30 Ending Inventory, July 31, 2012: 120 units

The company's cost of goods sold for fiscal 2012 is:

A.

$ 9,230

B.

$ 2,636

C.

$ 9,430

D.

$11,866

E.

None of the above