Glasgow Enterprises started the period with 65 units in beginning inventory that cost $3.40 each. During the period, the company purchased inventory items as follows:PurchaseNo. of ItemsCost1310?$3.90?2145?$4.00?360?$4.40?Glasgow sold 335 units after purchase 3 for $12.30 each.What is Glasgow's cost of goods sold under FIFO?
A. $1139
B. $1364
C. $1274
D. $1474
Answer: C
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