[The following information applies to the questions displayed below.] Glasgow Enterprises started the period with 80 units in beginning inventory that cost $7.50 each. During the period, the company purchased inventory items as follows:PurchaseNo. of ItemsCost1 200 $9.00 2 150 $9.30 3 50 $10.50 Glasgow sold 220 units after purchase 3 for $17.00 each. What is Glasgow's cost of goods sold under FIFO?
A. $2,100
B. $1,650
C. $2,310
D. $1,860
Answer: D
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