What was cost of goods sold using the FIFO cost flow assumption?

A) $725,000.
B) $740,000.
C) $735,000.
D) $720,000.

FIFO Cost Flow

An inventory valuation method where the cost of goods sold is based on the cost of the oldest inventory items, with the assumption that the oldest items are sold first.

Cost of Goods Sold

Costs directly linked to the creation of goods sold by a firm, encompassing both materials and labor.

Laptop Computers

Portable personal computers suitable for mobile use, integrating most of the typical components of a desktop computer.