Hawkeye Tack Uses a Periodic Inventory System Cost of Goods Sold Under the FIFO Method Is:
A)$2,081

Multiple Choice

Hawkeye Tack uses a periodic inventory system.Hawkeye Tack sold 80 sweaters during September.Other data for September includes:
$$\begin{array} { | c | l | l | } \hline \text { Sep. } 1 & \text { Balance } & 40 @ \$ 24 \\\hline 8 & \text { Purchased } & 12 @ \$ 29 \\\hline 17 & \text { Purchased } & 25 @ \$ 35 \\\hline 25 & \text { Purchased } & 35 @ \$ 30 \\\hline\end{array}$$
Cost of goods sold under the FIFO method is:

A) $2,081.
B) $2,273.
C) $2,215.
D) $2,182.