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The following information was collected from the inventory records of a company for the month of March 2010. During March the company sold 90 units

The following information was collected from the inventory records of a company for the month of March 2010. During March the company sold 90 units of its product at $25 per unit.

Date

Units

Unit Cost

Total Cost

Beginning inventory

March 1

15

$10.00

$150

Purchase

March 5

35

$12.00

$420

Purchase

March 10

70

$14.00

$980

Purchase

March 17

25

$15.00

$375

Determine cost of goods sold under FIFO for the month of March.

A) 1130

B)640

C)795

D)1285

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