The following information is available for Clancy Company: Beginning inventory 600 units at $4; First purchase 900 units at $6.50; Second purchase 500 units at $7.20. Assume that Clancy uses a periodic inventory system and that there are 760 units left at the end of the month. Wha is the cost of goods sold under FIFO method.

Select one:

a. $6,560.

b. $8,410.

c. $3,440

d. $5,290