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question on october 1 the north andover corporation had 20 units ofmerchandise inven 4292785

Question

On October 1, the North Andover Corporation had 20 units ofmerchandise inventory on hand. Each unit had cost the company $25.During October the company made the following purchases: October 8,25 units at $26 each and October 21, 30 units at $27 each. Thecompany made the following sales in October: October 10, 22 unitsat $50 each and October 26, 28 units at $50 each. The company usesthe FIFO inventory method.

Calculate the Corporation's October cost of goods sold.

 

a.

$1,285

 

b.

$675

 

c.

$1,328

 

d.

$632

 

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