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Taylor Corp. uses the periodic inventory system. During its first year of operations, Taylor made...

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Accounting

Taylor Corp. uses the periodic inventory system. During its first year of operations, Taylor made the following purchases (listed in chronological order of acquisition): 40 units at $100 70 units at $80 170 units at $60 Sales for the year totaled 250 units, leaving 30 units on hand at the end of the year. Cost of goods sold using the FIFO method is:

Group of answer choices

None is correct.

$18,000.

$16,800.

$6000.

$1,800.

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