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he following data applies to a particular item of merchandise. The first numeric column shows the quantity purchased and the second numeric column shows the purchase price of each unit.

On hand at the start of the period                       300             $5.10

1st purchase                                                     500             $5.20

2nd purchase                                                    700             $5.30

3rd purchase                                                     600             $5.50

Number of units available for sale                     2,100

On hand at the end of the period                       - 500

Number of units sold during the period              1,600

Calculate the cost of goods sold using the FIFO method for the 1,600 units sold.

A. $2,750.
B. $8,390.
C. $8,410.
D.

$8,570.

 


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