In March,BetterBuy Purchases Six Plasma TVs from Toshiba for $1,500

Multiple Choice

In March,BetterBuy purchases six plasma TVs from Toshiba for $1,500 each (serial numbers 11534892 through 11534897) .In April,the company purchases four more identical TVs from Toshiba for $1,450 each (serial numbers 11542631 through 11542634) .In May,the company purchases five more identical TVs for $1,600 each (serial numbers 11550964 through 11550968) .In June,BetterBuy sells two of these TVs (serial numbers 11534894 and 11542631) . BetterBuy records $3,000 as the cost of goods sold.BetterBuy is using the:

A) Specific identification method.
B) LIFO method.
C) FIFO method.
D) Weighted average cost method.