Given the Following: FIFO Method: 16 Units Left in Inventory

Multiple Choice

Given the following: FIFO method: 16 units left in inventory
$$\begin{array} { | l | l | l | } \hline \text { Jan 1 } & \text { Beginning Inventory } & 9 \text { units at } \$ 105 = \$ 945 \\\hline \text { April 13 } & \text { Purchased } & 14 \text { units at } \$ 120 = \$ 1,680 \\\hline \text { Sept 17 } & \text { Purchased } & 20 \text { units at } \$ 130 = \$ 2,600 \\\hline \text { Dec 10 } & \text { Purchased } & 14 \text { units at } \$ 140 = \$ 1,960 \\\hline\end{array}$$ The cost of goods sold is:

A) $5,000
B) $10,000
C) $4,965
D) $5,225
E) None of these