单选题
Given the following information and assuming beginning inventory was zero what is the gross profit at the end of the period using the FIFO, LIFO, and average cost methods?
|
Purchases |
Sales |
|
20 units at $ 50 |
15 units at $ 60 |
|
35 units at $ 40 |
35 units at $ 45 |
|
85 units at $ 30 |
85 units at $ 35 |
FIFO LIFO Cost Average ①A. $ 650 $ 750 $ 990
②B. $ 650 $ 750 $ 677
③C. $ 677 $ 650 $ 677
A.① B.② C.③