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What is marty total cost of goods sold for the month

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Reference no: EM13510063

Marty's Sporting Goods had the following inventory records for the month of January.
Beginning inventory
70 units @ $100 per unit
Sales, Jan. 1 - Jan. 10
50 units
Purchase, Jan. 11
40 units @ $103 per unit
Sales, Jan. 12 - Jan. 20
50 units
Purchase, Jan. 21
50 units @ $105 per unit
Sales, Jan. 22-31
40 units

Assuming the first in first out (FIFO) method is used, what is Marty's total Cost of Goods Sold for the month of January?
Answer
A. $14,270
B. $14,300
C. $14,280
D. $14,320

 

Reference no: EM13510063

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