EXPLAIN HOW QuantityPrice per pair TotalBeginning Inventory 10 pairs $20 = $200January 6 Purchase 4 pairs $25=$100January 10 Sale 5 pairs N/A January...

EXPLAIN HOW

QuantityPrice per pair

TotalBeginning Inventory 10 pairs

$20

= $200January 6 Purchase 4 pairs

 $25=$100January 10 Sale 5 pairs

 N/A January 15 Purchase 7 pairs

 $30=$210January 20 Sale 10 pairs

N/A

January 25 Purchase     4 pairs

$30=$120

Using this information, periodic FIFO cost of goods sold is

Select one:

a. $330

b. $430

c. $250

d. $300