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What is matty total cost of goods sold

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Reference no: EM131700771

Question - Matty's Sporting Goods had the following inventory records for the month of January.

Beginning inventory 70 units @ $100 per unit

Sales, Jan. 1 - Jan. 10 50 units

Purchase, Jan. 11 40 units @ $103 per unit

Sales, Jan. 12 - Jan. 20 50 units

Purchase, Jan. 21 50 units @ $105 per unit

Sales, Jan. 22-31 40 units

Assuming the first in first out (FIFO) method is used, what is Matty's total Cost of Goods Sold for the month of January?

A. $14,280

B. $14,270

C. $14,320

D. $14,300

Reference no: EM131700771

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