West Group Ltd. (WGL) provided the following inventory information for January 2020: Inventory Information For January 2017

West Group Ltd. (WGL) provided the following inventory information for January 2020:

 

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Inventory Information For January 2017 Numbers of units Purchase January 1st Purchase January 15th Purchase January 25th ***There were no units on hand at the beginning of January 2017. On January 31st, 2017, Key West Group sold 1,500 units of inventory at $100 each to customers. Calculate cost of goods sold using FIFO. 500 1,000 Price paid per unit $50 $60 $70 2,000 Inventory Information For January 2017 Numbers of units Purchase January 1st Purchase January 15th Purchase January 25th ***There were no units on hand at the beginning of January 2017. On January 31st, 2017, Key West Group sold 1,500 units of inventory at $100 each to customers. Calculate cost of goods sold using FIFO. 500 1,000 Price paid per unit $50 $60 $70 2,000

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