Pacific Company starts the year with a beginning inventory of 6,000 units at $5 per unit. The company purchases 10,000 units at $4 each in February and 4,000 units at $6 each in March. Pacific sells 3,000 units during this quarter. Pacific has a perpetual inventory system and uses the FIFO inventory costing method. What is the cost of goods sold for the quarter?
A. $15,000.
B. $12,000.
C. $18,000.
D. $18,680.
Answer: A
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