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Montana Great Outdoors had the following inventory in fiscal 2012. The company uses the FIFO method...

Montana Great Outdoors had the following inventory in fiscal 2012. The company uses the FIFO method of accounting for inventory.

Beginning inventory, August 1, 2011: 140 units at $19.50.

Purchase 300 units at $19.00

Purchase 50 units at $20

Purchase 120 units at $20.30

Ending inventory, July 31, 2012, 130 units

The companies cost of goods sold for fiscal 2012 is:

a. $9,230

b. $2,636

c. $9,331

d. $11,866

e. None of the above

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