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Costco Wholesale began the month of April with 30 units of inventory costing $13 per...

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Accounting

Costco Wholesale began the month of April with 30 units of inventory costing $13 per unit on hand. During April, the following inventory purchases were made:
Date Units Unit Cost Total Cost
April 0260 $14 $840
April 105015750
April 174016640
April 244517765
During April, Costco sold 110 units of its product at $26 per unit.
Determine Gross Profit for the month of April using the FIFO cost method.
Select one:
a. $1,080
b. $1,530
c. $1,330
d. $1,250
e. $2,860

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