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Question 6 Not yet answered Marked out of 1.00 Flag question The following hammers were available for sale during the year for Wilkins Tools: Beginning inventory 10 units at $40 First purchase 15 units at $50 Second purchase 30 units at $60 Third purchase 25 units at $65 Wilkins has 30 hammers on hand at the end of the year. What is the dollar amount of cost of goods sold for the year according to the last-in, first-out method? Select one: a. $1,975 b. $1,950 C. $3,125 d. $1,575
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