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What is the cost of the cost of goods sold under fifo

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Question - The Stevens Co. had beginning inventory (1/1/10 of 8 units at $100, purchased 10 units of inventory at $120 on 3/1/10, and another 12 units at $110 on 5/1/10  Ending inventory consisted of  14 units.  Use this information to answer the following question: What is the cost of the cost of goods sold under FIFO?

A. $1560

B. $1600

C. $1760

D. $3320

Reference no: EM133185312

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