Determine the cost of goods sold using FIFO?

2/3 Purchases 900 books at #1,000 each
4/3 Purchases 590 books at # 950 each
15/3 Sales 300 books at #900 each

A. #285,000
B. #300,000
C. #570,000
D. #600,000

Correct Answer:

Option B – #300,000