[The following information applies to the questions displayed below.] Glasgow Enterprises started the period with 60 units in beginning inventory that cost $2.50 each. During the period, the company purchased inventory items as follows: Purchase No. of Items Cost 1 320 $3.00 2 3 140 $3.10 50 $3.50 Glasgow sold 345 units after purchase 3 for $9.60 each. What is Glasgow's cost of goods sold under FIFO? Multiple Choice $1,005 O $863 < Prev 3 of 50 Next