Question - RJ Corporation has provided the following information about one of its inventory items:
| Date |
Transaction |
Number of Units |
Cost per Unit |
| 1/1 |
Beginning Inventory |
412 |
3,260 |
| 6/6 |
Purchase |
812 |
3,660 |
| 9/10 |
Purchase |
1,260 |
4,060 |
| 11/15 |
Purchase |
812 |
4,320 |
During the year, RJ sold 3,060 units.
What was cost of goods sold using the FIFO cost flow assumption under a periodic inventory system?
A. $12,028,960.
B. $11,918,960.
C. $12,012,060.
D. $12,169,120.