BetterBuy Records $3,000 as the Cost of Goods Sold

Multiple Choice

BetterBuy records $3,000 as the cost of goods sold. BetterBuy is using the:

A) Specific identification method.
B) LIFO method.
C) FIFO method.
D) Weighted average cost method. FIFO 2 @ $1,500 = $3,000