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Using the information here, calculate the Cost of Goods Sold under the FIFO method
a. 25,410
b..26,710
c.25,140
d.24,970
Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 60 $52 $ 3,120 Apr. 7 Purchase 140 54 7,560 Jul. 16 Purchase 210 57 11,970 Oct. 6 Purchase 120 58 6,960 530 $29,610 Date Transaction Number of Units Unit Cost Total Cost Jan. 1 Beginning inventory 60 $52 $ 3,120 Apr. 7 Purchase 140 54 7,560 Jul. 16 Purchase 210 57 11,970 Oct. 6 Purchase 120 58 6,960 530 $29,610
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