Samson Company Had the Following Balances and Transactions During 2013

Multiple Choice

Samson Company had the following balances and transactions during 2013. $$\begin{array} { | l | l | } \hline \text { Beginning inventory } & 10 \text { units at } \$ 70 \\\hline \text { March } 10 & \text { Sold } 8 \text { units } \\\hline \text { June } 10 & \text { Purchased } 20 \text { units at } \$ 80 \\\hline \text { October 30 } & \text { Sold } 15 \text { units } \\\hline\end{array}$$
- What would the company's Cost of goods sold be on the December 31,2013 income statement if the perpetual First-In,First-Out costing method is used? (Answers are rounded to the nearest dollar.)

A) $1,760
B) $1,610
C) $1,740
D) $1,840