Kershaw Bookstore Had 1,000 Units on Hand at January 1

Multiple Choice

Kershaw Bookstore had 1,000 units on hand at January 1, costing €18 each. Purchases and sales during the month of January were as follows: Kershaw does not maintain perpetual inventory records. According to a physical count, 750 units were on hand at January 31. The cost of the inventory at January 31, under the FIFO method is:

A) €2,000.
B) €13,500.
C) €15,500.
D) €16,000.