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The following are data available for Blue Grass for the month of June: Sales 1,200...

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Accounting

The following are data available for Blue Grass for the month of June:

Sales 1,200 units

Beginning inventory 300 units @ $4.00

600 units @ $4.20

400 units @ $ 4.40

500 units @ $4.50

The cost of goods sold under FIFO cost flow assumptions for Blue Grass was:

A. 5,004

B. 5,270

C. 5,040

D. 2,690

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