单选题

A U.S. pulp brokerage firm which prepares its financial statements according to U.S. GAAP and uses a periodic inventory system had the following transactions during the year:

Date	Activity	Tons (000s)	$ spr Ton
	Beginning inventory	1	600
February	Purchase	5	650
May	Sale	2	700
August	Purchase	3	680
November	Sale	4	750

The cost of sales (in '000s) is closest to:

A、 $3,850 using FIFO
B、 $4,080 using LIFO.
C、 $5,890 using weighted average.

【正确答案】 A

【答案解析】

FIFO cost of sales is $3.850 as per the table.