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Toro Industries has the following inventory information for March, 2019: Beg. Inv. Purchase 1 Purchase 2 Purchase 3 Total Units 2,400 3,800 1,900 2,300 10,400

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Toro Industries has the following inventory information for March, 2019: Beg. Inv. Purchase 1 Purchase 2 Purchase 3 Total Units 2,400 3,800 1,900 2,300 10,400 $ Unit cost 10.50 10.75 11.00 11.25 $ Total Cost 25,200 40,850 20,900 25,875 112,825 On March 31, Toro has 2,600 units in ending inventory. Using the periodic FIFO (first-in, first-out) method, what is Toro's cost of goods sold (COGS) for March? $29,175 $83,650 $27,350 $85,475

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