Use the Following Information for Questions:
Berenger Industries Had the Following

Use the following information for questions:
Berenger Industries had the following activity with one of its inventory items during the current period: $\begin{array}{llrr}&\text { Units } & \text {Unit Cost }\\\hline\text { Beginning inventory } & 30 & \$ 8.00 \\\text { Purchase } & \text { October 5 } & 80 & 10.50 \\\text { Sale } & \text { October 11 } & (40) & \\\text { Purchase } & \text { October 17 } & 60 & 12.00 \\\text { Sale } & \text { October 26 } & (70) &\end{array}$
-Using a perpetual inventory system and the FIFO cost flow assumption, the cost of goods sold was:

A) $975
B) $1,080
C) $1,175
D) $1,300