Beginning Inventory and Purchases

Purchased Units Unit Cost Total Cost

Beginning Inventory $70$ $$70$ $$4,900$

$1$st Purchase $80$ $$73$ $$5,840$

$2$nd Purchase $100$ $$76$ $$7,600$

$3$rd Purchase $115$ $$78$ $$8,970$

Units Available For Sale $365$ $$27,310$

Ending Inventory

Units on Hand $165$ Cost of Units on Hand $

Units Sold $200$ Cost of Goods Sold $

Using the FIFO method and the information in this image, what is the Cost of Units on Hand and Cost of Goods Sold during this period?

a$.)$

Units on Hand: $$11,880$

Cost of Goods Sold: $$15,430$

b$.)$

Units on Hand: $$12,770$

Cost of Goods Sold: $$14,540$

c$.)$

Units on Hand: $$19,900$

Cost of Goods Sold: $$7,410$

d$.)$

Units on Hand: $$20,585$

Cost of Goods Sold: $$6,725$