Question 2: Assume the following data for Burnette Merchandising for 2023: View the data. On December 31, a physical count reveals 15 units in ending inventory. Assume a perpetual inventory system and all sales occurred prior to October 30th. Under the FIFO method, cost of goods sold on the income statement would be: OA. $375. B. $537. OC. $162. OD. $420. Data Beginning inventory March 18 purchase June 10 purchase October 30 purchase Print 10 units at $7 each 15 units at $9 each 20 units at $10 each 12 units at $11 each Done - X

Assume the following data for Burnette Merchandising for 2023 : View the data. On December 31, a physical count reveals 15 units in ending inventory. Assume a perpetual inventory system and all sales occurred prior to October 30th. Under the FIFO method, cost of goods sold on the income statement would be: A. \\( \\$ 375 \\), Data B. \\( \\$ 537 \\). C. \\( \\$ 162 \\). D. \\( \\$ 420 \\)