The Singh Computer Shop Begins Operations on June 1 and Uses

Multiple Choice

The Singh Computer Shop begins operations on June 1 and uses a periodic inventory system. During June, the company had the following purchases and sales for its Model 10 Fastback Computer System: On June 30 an inventory count showed there were 8 units on hand.
-Using the FIFO inventory cost formula, the amount allocated to cost of goods sold for June is

A) $10,000.
B) $10,600.
C) $16,000.
D) $20,800.