Shirey Co. Shirey Uses a Periodic Inventory System. at the End of the End

Multiple Choice

Shirey Co.
Shirey uses a periodic inventory system. At the end of January, 20 units were on hand. The following additional information is available for the month of January.

-Refer to the information provided for Shirey. If Shirey uses FIFO inventory costing method, how much is cost of goods sold for January?

A) $230
B) $232
C) $240
D) $250