Uses the fifo method of accounting for inventory

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Fischer, Inc. had the following inventory in fiscal 2013. The company uses the FIFO method of accounting for inventory. Beginning Inventory, January 1, 2013: 130 units @ $10.00 Purchase 200 units @ $12.00 Purchase 50 units @ $9.00 Purchase 110 units @ $10.50 Ending Inventory, December 31, 2013: 120 units The company's cost of goods sold for fiscal 2013 is:

$4,060

$3,865

$5,305

$4,105

None of the above

Reference no: EM131293703

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