Summertime had the following data for the month of March: 
On March 31,300 units are still on hand.Determine the cost of goods sold for March if Summertime uses the FIFO method.
Definitions:
Placebo Effect
The phenomenon by which patients experience a perceived or actual improvement in their condition solely due to their belief in the efficacy of a treatment, regardless of its actual therapeutic value.
Illusory Correlation
The cognitive bias of perceiving a relationship between variables (typically people, events, or behaviors) even when no such relationship exists.
Representative Sample
A subset of a population that accurately reflects the members of the entire population.
Laboratory Environment
A controlled setting designed for scientific experiments, research, or testing, often equipped with specific instruments and materials.
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