[The Following Information Applies to the Questions Displayed Below

Multiple Choice

[The following information applies to the questions displayed below.]
Harding Systems,Inc.uses a periodic inventory system.The purchases of a particular product during the year are shown below:
At December 31 the ending inventory consisted of 1,500 units.
-Compute the cost of goods sold for the current year based on the FIFO method of inventory valuation.

A) $12,500
B) $29,175
C) $10,975
D) $27,650