The Acme Corporation Buys 300 Units of Merchandise in January

Multiple Choice

The Acme Corporation buys 300 units of merchandise in January at $5 each.Acme buys 500 units at $4 each in February and 200 units at $6 each in March.Acme sells 150 units during this quarter.Acme uses a periodic inventory system and had no beginning inventory.What is its cost of goods sold for the quarter using the LIFO method?

A) $600
B) $934
C) $750
D) $900