Aiello, Inc

Multiple Choice

Aiello, Inc. had the following inventory in fiscal 2016. The company uses the FIFO method of accounting for inventory.
Beginning Inventory, January 1, 2016: 130 units @ $15.00
Purchase 200 units @ $18.00
Purchase 50 units @ $13.50
Purchase 110 units @ $15.75
Ending Inventory, December 31, 2016: 120 units
The company's cost of goods sold for fiscal 2016 is:

A) $6,090.00
B) $6,045.00
C) $6,157.50
D) $5,305.75
E) None of the above