Smith Company had the following purchases and inventory levels during September. Use this data to calculate the cost of goods sold expense using the FIFO method.

A) $780 B) $750 C) $720 D) $765

15 units at $26 each September 1 September 10 September 20 September 30 Beginning Inventory Purchase 20 units at $25 each Purchase 25 units at $24 each Ending Inventory 30 units