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ABC Corporation has the following inventory information for March, 2019: ...

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Accounting

ABC Corporation has the following inventory information for March, 2019:

Units $Unit cost $ Total Cost
Beg. Inv. 2,500 10.50 26,250
Purchase 1 3,200 10.75 34,400
Purchase 2 2,700 11.00 29,700
Purchase 3 2,000 11.25 22,500
Total 10,400 112,850


On March 31, ABC has 2,800 units in ending inventory. Using the periodic FIFO (first-in, first-out) method, what is cost of goods sold (COGS) for March?

a.

$83,450
b.

$83,375
c.

$81,350
d.

$81,550

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