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Beginning Inventory and Purchases Purchased Units Unit Cost Total Cost Beginning Inventory 70 $70...

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Accounting

Beginning Inventory and Purchases
Purchased Units Unit Cost Total Cost
Beginning Inventory 70 $70 $4,900
1st Purchase 80 $73 $5,840
2nd Purchase 100 $76 $7,600
3rd Purchase 115 $78 $8,970
Units Available For Sale 365 $27,310
Ending Inventory
Units on Hand 165 Cost of Units on Hand $
Units Sold 200 Cost of Goods Sold $
Using the FIFO method and the information in this image, what is the Cost of Units on Hand and Cost of Goods Sold during this period?
a.)
Units on Hand: $11,880
Cost of Goods Sold: $15,430
b.)
Units on Hand: $12,770
Cost of Goods Sold: $14,540
c.)
Units on Hand: $19,900
Cost of Goods Sold: $7,410
d.)
Units on Hand: $20,585
Cost of Goods Sold: $6,725

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